Labs 15m Series Pantera Theblock Leads $15 Million Series A Round For 0x Labs

Labs 15m Series Pantera Theblock has led a $15 million Series A round for 0x Labs, a startup developing a decentralized game engine. The firm was one of the first VCs to back the startup. Pantera has a long track record of backing startups in blockchain gaming and NFTs, and has invested in over 24 startups.

Pantera Capital

Labs 15m Series Pantera Theblock is a venture capital firm that invests in startups. Its funds invest in companies that are valued at 500 million and above. The firm is active and makes seven to twelve investments a year. The company is based in Menlo Park, California. It has raised $369 million from 107 investors.

Cryptocurrency Startup

Labs 15m Series Pantera Theblock has led a $15 million Series A equity round for 0x Labs, a decentralized exchange infrastructure startup. The investment round is one of the largest for a cryptocurrency startup. The company is now worth $1 billion. The startup will use the funding to expand globally and develop its platform. For instance, it will expand its Matcha token search service and develop an API for the 0x blockchain.

Another recent investment by Labs 15m Series Pantera Theblock is Arcade, a platform that connects borrowers and lenders using nonfungible tokens. The company has raised $15 million in Series A financing from Pantera Capital and other investors. The company plans to use its funding to integrate NFT-collateralized lending into the decentralized finance space.

0x Labs

Labs 15m Series Pantera Theblock led a $15 million Series A round for 0x Labs, a startup building a decentralized exchange infrastructure and protocol. The funds will be used to build out the product and expand its support for other blockchains. Among other things, the funding will expand the company’s support for NFT swaps and the number of chains it supports. In addition, the company plans to add new features and functionality, including a trading desk and professional aggregation service.

0x Labs is the firm behind the ZRX token and the decentralized exchange protocol. The company closed a $15 million Series A equity round last week, led by Pantera Capital. With the funding, the company plans to expand globally and create a professional aggregation service. The money will also be used to expand its API, which powers popular apps such as ShapeShift, MetaMask, and Zapper.

0x Exchange Protocol

The 0x exchange protocol enables trading between digital assets. The company recently closed a $70 million Series B funding round, led by Greylock Partners, with participation from Pantera, Jump Capital, and Jared Leto. The funding comes after 0x raised $24 million in a ZRX token sale. The company’s goal is to become the primary trading hub for the blockchain while reducing costs for end users.

0x is a cryptocurrency exchange platform that uses relayers to broadcast orders. Instead of executing the trades, these relayers serve as liquidity to other users. The protocol can also cut down on gas costs. 0x is an open-source decentralized exchange with significant long-term potential.

Decentralized Exchange Infrastructure

Labs 15m Series Pantera Theblock, a blockchain startup behind the 0x protocol and decentralized exchange infrastructure, has raised $15 million from Pantera Capital to expand globally. The startup plans to use the funds to create an exchange that is accessible to the whole world and allows developers to build exchange functionality into their apps.

Pantera is a financial firm that specializes in blockchain tech, digital currency, and crypto assets. It recently invested in Balancer and has been vocal about the potential price of Bitcoin. It has also forecasted a bull market starting in September 2020. Pantera isn’t going to slow down its investment strategy. It will continue to focus on decentralized product offerings.

Plans to Raise $100 Million More in Funding

Labs 15m Series Pantera Theblock, the company behind the decentralized exchange protocol, has raised $15 million in a Series A equity round led by Pantera Capital. The money will be used to accelerate the company’s plans for global expansion and continue building its team and infrastructure. The company plans to raise a further $100 million to further expand its reach.

Final Words:

Pantera has also backed Injective Labs, a San Francisco-based startup that is building a blockchain optimized for financial applications. The company also raised $15 million in Series A funding led by Jump Crypto and BH Digital, the crypto arms of Alan Howard. The new money will help the startup diversify its ecosystem and attract more developers.

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