Labs Series Pantera Capitalmcsweeney is an institutional asset manager that is focused on blockchain technology and the creation of digital tokens. They have five different funds to choose from, and each one will invest in early-stage or liquidity-level digital tokens. Each fund requires a minimum investment of $1 million.
Exchange Protocol & Decentralized Exchange Infrastructure
The creators of the 0x exchange protocol and decentralized exchange infrastructure have secured $15 million in a Series A equity round led by Pantera Capital. The funding will allow them to expand globally, launch a trading desk, and further develop their open-source protocol. They also plan to expand their Matcha product, which aggregates liquidity across several DEXs to give users the best price. In addition, they are developing an API for their platform to allow other businesses to use the service.
Labs Series Pantera Capitalmcsweeney led the round and the company hopes to expand its network and platform. The startup already offers a service to search for Matcha tokens. The next step for the company is to extend their 0x API service to support other chains.
Early-Stage Digital
The new fund will invest in early-stage digital tokens with the potential to become liquid. The fund is open to accredited investors with a minimum investment of $1 million.
Trade Crypto Currencies
Labs Series Pantera Capitalmcsweeney and 0x Labs have partnered together to create an ecosystem that enables users to trade cryptocurrencies. The platform is a permissionless protocol that allows for minimal slippage and lower fees on spot markets. It also allows decentralized applications to build on its network. The two companies plan to use the money raised to expand their team, develop new products, and establish new partnerships.
Crypto Market
The new funding comes at a time when the crypto market has been impacted by the 3AC collapse, with many lenders suffering large losses and some even declaring bankruptcy. With the money raised through the new funding, BlockFi will be able to focus on further advancing its product suite and expanding into new markets. Moreover, it will be able to leverage the funds to make select acquisitions. Currently, the company’s core product suite includes an investment platform that allows users to earn a yield on digital assets at attractive rates. In addition, it also allows users to originate US dollar loans secured by digital assets. As a result, BlockFi is positioned to become one of the leading lenders in the digital asset market.
Trading Desk Business
Labs Series Pantera Capitalmcsweeney has also backed the 0x Labs series A round. The new funding will help the 0x platform expand globally, launch a trading desk business, and develop its open source protocol. It will also help the company build a more inclusive financial system. The company plans to expand support for NFT swaps and implement an API for developers.
0x Labs has raised $15 million in Series A funding to help fund its growth and expand its team. It currently has 62 employees and plans to add more. Its mission is to build a decentralized exchange infrastructure layer that will help build globally accessible markets. Its Matcha platform is a decentralized exchange aggregator that has already generated $2.8 billion in trades in six months.
Mission-Driven Team
0x Labs has a mission-driven team and is made up of top talent from leading companies. The company operates in a distributed, remote-first model, with team members spread across continents. The team has also made significant technical contributions to the Ethereum protocol, helping to establish the NFT token standard. The company is now looking to expand globally. The new funding will be used to develop a trading desk and a professional-grade aggregation service. The company will also use the funds to further develop its open source protocol.
The money will help 0x Labs further its vision of building a global financial system. The company provides a number of products for this purpose. For example, it offers an API for trading NFTs, which enables users to swap across multiple decentralized exchanges. It also supports several exchanges, including OpenSea and Curve, and its privacy-focused DEX, Oasis.
0x Labs Plans to Develop Metaverse
The metaverse is a new digital world that combines reality and virtual experience. It’s billed as an immersive and all-encompassing experience, with enhanced 3D graphics and digital presence. It is expected to be available on smart devices and computers, and will be a new way to interact with the world.
Final Words:
The metaverse will be a persistent shared virtual world where users interact with each other via 3D avatars. The backbone of the metaverse will likely be blockchain technology in the form of interoperable NFT assets that can be used across different metaverse spaces. This may be the future of the Internet. Facebook has been talking about this vision since late 2021.
The metaverse will allow users to interact with each other for socialization, work, gaming, and events. There won’t be one site or platform, but a number of online destinations, each with their own customizable avatars and assets.
