As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to put their money has grown significantly. Because of this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors and ushering in a new era of decentralization.
Globe DX successfully closes new $ 18 million financing round
A new futures exchange Globe Derivative Exchange (Globe DX)has successfully completed its latest seed funding round. With top-notch blockchain VCs like Pantera Capital, Y Combinator, CMT Digital, Draper Dragon, Wave Financial, Republic Crypto and Okex, Globe DX completed the private round and raised a total of 18 million US dollars.
Derivatives are at the forefront of the crypto exchange ecosystem and make up a large portion of the total revenue of crypto companies. Thanks to a platform with unique features, Globe DX’s recent presale attracted massive participation from VCs.
With more than 200 strategic partners supporting the platform’s ecosystem, Globe DX has already developed a powerful platform. It offers exposure to the Crypto Volatility Index, includes all of the features traders require from a global futures exchange platform, and is designed to attract newbies as well as experienced Crypto traders.
BENQI Adds $ 6 Million From Advisers and Outside Investors
Decentralized financing projects (defi) draw a lot of risk capital, and the latest project to successfully complete the seed financing round is BENQI. The company has successfully raised $ 6 million from investors and is now preparing to launch its long-awaited ICO.
Led by Ascensive Assets, the funding round attracted some of the biggest names in defi and venture capital, including Mechanism Capital, Market Across, the Spartan Group, Dragonfly Capital, Morningstar Ventures and Ava Labs in Arrington XRP Capital and much more.
BENQI Adopting an avalanche-based decentralized liquidity protocol without a custodian that allows users to efficiently lend, borrow and earn digital assets. After funding is secured, BENQI will roll out its protocol on the mainnet in May 2021 and add token pools in the coming days. With Avalanche’s defi ecosystem about to explode, BENQI’s groundbreaking consensus protocol will ensure instant transactions with the lowest possible fees.
Jigstack raises $ 3 million to build the DAO for decentralized finance
With dozens of new projects exploring the use of blockchain technology and Defi platforms in multiple commercial use cases, investors seem incredibly eager to sign amazingly large checks for anything Defi-related.
Riding the investment trend Jigstack, a decentralized autonomous organization (DAO), completed its public and private funding rounds, raising a total of $ 3 million. In both rounds, leading investors such as DHC Capital, Blocksync Ventures, X21 Digital, Moonwhale Ventures, Exnet Network and others participated overwhelmingly.
Jigstack manages a portfolio of Ethereum network resources and protocols such as Lemonade, Stakbank, and Ethlink, each of which adds value to Jigstack’s native STAK token. The team behind Jigstack has developed an ecosystem that can be used to develop and deploy decentralized tools at the institutional level for all business needs.
Independent defi-based singularity DAO raises $ 2.7 million
Singularity DAO, a platform that offers AI-powered defi portfolios, recently raised $ 2.7 million in private sales funds. The sale, led by Alphabit, attracted several prominent investors from the crypto universe, including QCP Capital, Genesis Block Ventures, Magnus Capital, SMO Capital, AU21, Moonwhale Ventures, and Jun Capital.
The Defi project Singularity DAO is an expanded branch of the blockchain-centric AI market Singularity NET. It offers a range of dynamically managed portfolios that can automatically adapt to changing market trends and open up new opportunities. In addition, the platform will also help optimize on-chain trading to increase the liquidity of the decentralized exchange (DEX) by continuously introducing new predictive data models for digital asset management.
With a three-tier blockchain architecture supported and optimized by Singularity NET’s AI, the platform offers decentralized governance with Sing DAO tokens. The successful investment round will play a critical role in accelerating the development phase of the Singularity DAO project for the mainnet launch.
Which of the four projects mentioned in the summary do you find the most promising and why? Let us know in the comments below.
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