Labs 15m Series Pantera CapitalMcsweeney Investment Company, creators of the 0x exchange protocol and decentralized exchange infrastructure, raised $15 million in a Series A round of equity funding from Pantera Capital. The new funds will help Mcsweeney expand globally, launch a trading desk, and further develop its open-source protocol. The company is also planning to expand its Matcha product, which aggregates liquidity from multiple DEXs to give buyers and sellers the best price. In addition to this, the company is developing an API to make its services more accessible.
0x Labs raises $15 million in Series A round
Labs 15m Series Pantera CapitalMcsweeney is a new decentralized exchange that provides decentralized exchange infrastructure. In addition to developing the 0x protocol, they also have a team made up of talent from leading companies. They have a remote-first culture, meaning that the company’s employees are spread out across several continents. 0x Labs has already made a number of significant technical contributions to the Ethereum protocol, including the establishment of the NFT token standard. The company recently raised a $15 million Series A round led by Pantera Capital.
The new funding will help Labs 15m Series Pantera CapitalMcsweeney expand its operations globally, launch a trading desk business, and further develop its open-source protocol. It will also help the company integrate new chains and increase their cross-chain functionality. It also plans to extend its support for NFT swaps.
Labs 15m Series Pantera CapitalMcsweeney plans to invest in its Matcha platform, which aims to aggregate liquidity across other DEXs and offer users the best price. Using its Matcha platform, 0x Labs is aiming to build a decentralized exchange that draws from notable marketplaces. The company frames these investments as part of a larger process toward a more open financial system.
0x Labs plans to expand its trading desk
0x Labs, the firm behind the ZRX token and the decentralized exchange protocol, has announced plans to expand its trading desk globally. The company recently secured a $15 million Series A round of funding led by Pantera Capital. The new funding will be used to expand its trading desk business and build a professional aggregation service, based on the 0x protocol. It also plans to continue developing its open-source protocol.
Labs 15m Series Pantera CapitalMcsweeney goal is to make trading easier. They plan to do this by providing a liquidity aggregation tool that enables users to execute more efficient trades. Additionally, they have created a feature called Matcha that serves as an aggregate search engine for all DEXs, much like Kayak and Expedia. This will make it easier for users to compare prices across all DEXs and make a decision about which one is the best.
In addition to being the world’s largest liquidity aggregator, 0x’s decentralized nature allows it to serve as a trading platform for decentralized exchanges. By leveraging smart contracts, 0x makes it easy for any dApp to integrate its features. Once these contracts are in place, they execute automatically when conditions are met. Most decentralized exchanges rely on Ethereum smart contracts, which execute transactions on the blockchain directly. However, this can be costly because of gas fees.
0x Labs plans to expand its NFT swap support
Earlier this year, 0x Labs launched its NFT swap features, which allow users to exchange NFTs across multiple blockchains. The company recently announced a $15M Series A funding round led by Pantera CapitalMcSweeney, and hopes to further expand its network and platform. This includes expanding its Matcha token search service and adding additional chains to its API.
The announcement came a few months after 0x completed a $24 million ZRX token sale. The company’s NFT swap support extends beyond the 15m series, which are currently only supported by the 0x platform. As more developers adopt 0x, the company plans to increase its NFT support across more blockchains, which will allow users to trade NFTs across multiple platforms.
The company’s funding plans include an expansion across the globe and the development of an open-source protocol. It will also expand its Matcha product, which aggregates liquidity from multiple DEXs to provide the best possible price.