0x Labs receive $ 70 million in series B for further web3, Dex efforts
0x Labs receive $ 70 million in series B for further web3, Dex efforts
- 0x Labs said that the fresh capital supply will flow into its product and service services, including Matcha and the 0x protocol
- The remarkable participating investors included Coinbase, Openea, Pantera Capital and Jared Leto from Thirty Seconds to Mars
The provider of decentralized exchange infrastructures 0x Labs has raised $ 70 million of fresh capital, which claims to contribute to the further development of its products and service offers.
According to A, the risk capital company Greylock based in Silicon Valley led the round to Explanation on Tuesday. 0x Labs offers exchange functions for tokenized assets, including various cryptos, tokens for decentralized finances (Defi) and NFTS.
Several well -known investors also took part, including Pantera, Sound Ventures, A.Capital, Jump Capital, Openea, Coinbase, Brevan Howard, Reid Hoffman and the actor Jared Leto.
The company based in San Francisco said that the financing would use the "continuous growth" of his token search engine Matcha and 0x API, an aggregated multicity liquidity-a-a-service. Matcha, which came onto the market in June 2020, was an important focus of the company's 15 million dollar series A of the company.
The financing also takes place for the protocol of 0x, which enables a peer-to-peer exchange of assets on the Ethereum blockchain and efforts to integrate new chains, including Solana.
0x currently supports seven blockchains: Ethereum, Polygon, Fantom, Avalanche, Optimism, BNB Chain and Celo.
At the beginning of this year, 0x Labs introduced a number of NFT-SWAP functions with which users can exchange digital collectors over several blockchains.
"We are still very at the beginning [Decentralized Exchange] adoption curve," said Greylock partner Sarah Guo in the press release. "0x labs ... is perfectly positioned to lead the web3 attack, since more and more value is converted into tokens and a standard is needed that can be moved and replaced."
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The contribution 0x labs get $ 70m in Series B to Further Web3, Dex EFFORTS is not a financial advice.
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