Gelato, a network specializing in smart contract automation, has secured $11 million in a Series A+ funding round led by Hack VC, with Kraken's upcoming blockchain, Ink, joining as a client. This additional capital infusion will support Gelato in expanding its platform to empower startups and enterprises in launching their blockchain-based applications. Notable investors such as Animoca Brands, IOSG Ventures, and Bloccelerate VC have participated in this funding round, bringing Gelato's total funding to $23 million. Co-founder Hilmar Orth expressed that the funds will enhance user experience to cater to both Web3 and Web2 companies developing scalable on-chain applications. The partnership with Kraken's Ink, a new L2 blockchain solution, is a significant development, aiming to provide users with intermediary-free trading, borrowing, and lending capabilities. Gelato's focus on collaborating with Web3 teams to drive adoption beyond the current norm highlights its commitment to advancing the scalability of Web3 applications. Read more AI-generated news on: https://app.chaingpt.org/news