Nova Markets has completed a new round of funding to expand its on-chain market, with support from institutions such as Wintermute Ventures.

Nova Markets, an on-chain capital and prediction market infrastructure project, announced the completion of a new round of financing. Investors include new and existing institutional investors such as Wintermute, Robot Ventures, Big Brain VC, Cumberland, GSR, Greenfield Capital, Hash3, Bodhi Ventures, and Kairos Research. Nova stated that the current number of existing on-chain capital markets is far below the ideal level, and the financing will be used to migrate more perpetual contracts and prediction markets onto the blockchain, reshaping the generation and trading structure of these markets.