BitcoinCrypto

Series Pantera CapitalMcsweeney Theblock Leads $15M Series A Equity Round For The Block

Series Pantera CapitalMcsweeney Theblock recently led a $15M Series A equity round for 0x Labs, the startup behind the 0x exchange protocol and decentralized exchange infrastructure. It is the largest Series A equity round for a crypto startup and values the company at $1 billion.

Platform & Network

Series Pantera CapitalMcsweeney Theblock has raised $15 million in funding led by Pantera Capital. The investment will be used to improve the platform and network. The company already offers a Matcha token search service, and it plans to expand to other chains. It will also invest in cross-chain functionality and extend its 0x API service. The company also plans to add a platform for cryptocurrency exchanges.

Institutional Asset Manager

Series Pantera CapitalMcsweeney Theblock is an institutional asset manager focused on blockchain-based investment. The company is currently running five funds. Its newest blockchain fund is expected to be launched in May. The funds invest in equity, early-stage tokens, and liquid digital tokens. Pantera’s funds are only open to accredited investors.

Blockchain Space

Series Pantera CapitalMcsweeney Theblock has developed a decentralized exchange protocol and ZRX token. Its latest $15 million Series A equity round was led by Pantera Capital, who see the project as a holistic investment in the blockchain space. The company has handled orders totaling $2.7 billion, and it’s looking to expand to the rest of the world.

Pantera Capital led a $15 million Series A equity round for 0x Labs, a company behind the ZRX token and decentralized exchange protocol. The new funding will help the company accelerate product development and continue building out its proprietary decentralized exchange protocol. 0x Labs intends to use the funds to expand its team and further develop its 0x Protocol.

Non-EVM Block Chains

The money will also be used to develop its Matcha platform, which will aggregate liquidity across multiple DEXs and provide the best price across multiple exchanges. The company also plans to integrate non-EVM block chains and extend the range of assets and currencies on its platform. Ultimately, 0x Labs frames these steps as an effort to create a more transparent financial system.

Unstoppable Domains

Unstoppable Domains is a blockchain-based company that helps people register domain names with non-fungible tokens. These tokens act as digital identity markers on the Web3. The company recently raised $65 million in its Series A round, clinching unicorn status at a $1 billion valuation. This week, we’ll talk to founder Matt Gould about the importance of persistent digital identities in today’s digital world.

Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has filed a complaint against Kik Interactive Inc. for selling digital asset securities without registering with the SEC. Kik has since agreed to settle the case, and a final judgment will be entered on October 21, 2020. The judgment enjoins the company and its agents from engaging in any future unregistered securities sales. It also requires the company to provide 45 days’ notice to investors before launching a Kin token offering, a process that does not require SEC approval. In addition, Kik must pay a $5 million fine, a relatively small sum compared to the $100 million raised by the Kin offering.

Final Words:

In addition to developing mobile messenger applications, Kik Interactive Inc. also designs and markets communication mobile applications. The company’s apps enable users to chat, create groups, and share moments. The company aims to make these applications accessible to smartphones around the world.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button