Relay raises $17M Series B and launches Relay Chain
Relay closes a $17M Series B led by Archetype and Union Square Ventures, and simultaneously launches Relay Chain — a purpose-built settlement layer for instant cross-chain execution. The protocol reports 100M+ transactions and $20B+ in cumulative volume.
Reservoir shuts down its NFT API and services
Reservoir officially sunsets its original NFT infrastructure business, completing the full strategic pivot to Relay as the company's sole focus.
Relay 2.0 launches with rebrand to multichain payments
Relay unveils a new brand identity and positions itself as a 'multichain payments' network, reporting 5M+ users, 55M+ transactions, and $6B+ in volume across 75+ networks since launch.
Reservoir raises $14M Series A led by Union Square Ventures
USV leads a $14M round with participation from Coinbase Ventures, Variant, Archetype, and others. The raise marks Reservoir's strategic pivot from NFTs to its Relay cross-chain payments infrastructure.
Relay launches as a cross-chain bridge and execution protocol
Built by the Reservoir team, Relay goes live as an intent-based cross-chain protocol enabling instant, low-cost bridging and execution across Ethereum and major L2s, initially in a trusted single-relayer mode.
Reservoir founded as NFT trading infrastructure company
Peter Watts founds Reservoir, building NFT data and trading APIs. The company raises a $2M pre-seed led by Variant (2021) and a $10M seed led by Archetype (late 2022), serving clients like Coinbase, MetaMask, and OpenSea.