Labs 15m Pantera CapitalMcsweeney, a blockchain focused institutional investor, has invested in 0x Labs. The company has made significant contributions to the Ethereum protocol and is looking to expand its portfolio with investments in early stage digital tokens with the potential to become liquid. The new fund is open to accredited investors who can commit at least $1 million.
0x Labs Raises $15 million in Series A Equity Round
Labs 15m Pantera CapitalMcsweeney is a blockchain infrastructure company that helps businesses build on top of the DEX ecosystem. The company plans to use the funds to scale its business and product offerings. These include its Matcha SEO tool and 0x Protocol public blockchain. The company also plans to develop new blockchains, such as NFT Swaps. It will also launch non-EVM platforms like Solana.
San Francisco-Based Company
Labs 15m Pantera CapitalMcsweeney is a San Francisco-based company that provides infrastructure to the decentralized exchange market. It recently raised $70 million in a series B equity round led by Greylock Partners. The company also received participation from Pantera Capital, JUMP CAPITAL, and OPENSEA.
The $15 million Series A equity round was led by Pantera Capital McSweeny, who plans to use the money to expand its network and build its platform. The company already offers an API for identifying and managing matching pairs of coins, and plans to expand the service to include other chains. Moreover, the company plans to further improve its NFT API service, which powers the ShapeShift exchange.
Expand Trading Desk
Labs 15m Pantera CapitalMcsweeney, the creator of the 0x exchange protocol and decentralized exchange infrastructure, has received $15 million in a Series A round led by Pantera Capital. This funding will help the startup grow internationally, launch a trading desk and develop its open-source protocol. It also plans to expand its Matcha product, which will aggregate liquidity across multiple DEXs to offer the best price. The funding will also help the company develop an API.
Pantera CapitalMcSweeney led the funding round, which returned 87.7% in 2019. The company intends to use the funding to expand its network and platform. It already has a matching service for Matcha tokens and plans to expand it to include other digital tokens. In addition, the company plans to add more chains to its 0x API service.
Expand NFT Swap Support
Pantera CapitalMcSweeney, a blockchain-focused investment firm, has led the company’s Series A funding round and will use the funds to expand its network and platform. The new funds will go towards adding services like NFT swap support, 0x API development, and a trading desk business. Pantera has already invested in a number of projects related to cryptocurrency, including the Amber crypto investment gateway and the 0x exchange in India.
Flagship Bitcoin Fund Continues
Pantera CapitalMcSweeney’s flagship Bitcoin fund continues to gain market share, outperforming the stock market by almost three times. In fact, the company estimates that bitcoin will reach $67,000 by the end of the year. The company also has a portfolio that includes the Brave blockchain-based browser and Basic Attention Token (BAT).
Pantera CapitalMcSweeney, the institutional investor behind the 0x Labs platform, has raised $15M in Series A funding to expand its operations. The firm has already made substantial contributions to the Ethereum protocol. The company now plans to expand its network and platform to include additional blockchains and tokens, as well as extend its 0x API service.
Final Words:
The Pantera Capital-led firm is investing in early-stage digital assets that exhibit asymmetric risk-reward tradeoffs. It intends to target tokens with one to three-year liquidity horizons. Pantera plans to expand globally, create a professional aggregation service, and further develop its decentralized exchange API.
