Labs 15m Pantera TheBlock led a $15 million Series A round in 0x Labs, a company building a decentralized game engine. Pantera was one of the first VCs to invest in 0x Labs, and has backed several other startups in the blockchain and NFTs space. It has invested in over twenty companies to date.
Decentralized Blockchain Platform
Labs 15m Pantera TheBlock has recently invested $15 million in TheBlock, a decentralized blockchain platform. This funding will allow the company to expand its product and support other blockchains. It also aims to provide more services for hedge funds, as well as expand support for NFT swaps. Pantera Capital has also invested in Injective, which is developing a blockchain that is optimized for financial applications. The company is backed by several investors, including Benchmark Capital and Fortress Investment Group:
- The funding will enable the company to continue to develop its matching protocol and aggregation API.
- It will also help it expand its Matcha platform, which aggregates liquidity from several DEXs to offer the lowest price to users.
- The company frames its next steps as part of a broader effort to create a more open financial system.
Large Financial Institutions
Labs 15m Pantera TheBlock company plans to use the funding to expand its platform globally. It plans to add more exchange applications to its platform, develop an API, and launch a trading desk. He has previously raised $11 million in seed funding, led by Alphabet. It has also formed partnerships with large financial institutions and hedge funds.
Two-Thirds of its LUNA Holdings
Labs 15m Pantera TheBlock has exited two-thirds of its LUNA holdings last week. With the remaining portion staked through LunaX, a liquid staking token. However, the collapse of LUNA and Anchor could lead to trouble for Stablegains. With the support of Pantera Capital Labs, it plans to build out its product and expand support for more blockchains. The company will also expand its support for NFT swaps and add more features.
Matching Protocol & Aggregation API
Pantera TheBlock has raised $15m in new funding round, which will help the company build its matching protocol and aggregation API. The company plans to use the funds to continue building out its Matcha platform. Which aggregates liquidity from multiple DEXs, providing the best possible price for users. It frames its next steps as steps toward creating a more transparent financial system.
Pantera TheBlock is a fintech startup that’s behind the 0x protocol and decentralized exchange infrastructure. It plans to use the funds to further develop its platform and network and add new features like support for NFT swaps. It will also expand its service to hedge funds.
ZRX Token
0x Labs, the startup behind the ZRX token and decentralized exchange protocol. Has raised $15 million in a Series A round led by Pantera Capital. The funds will be used to expand its service globally, develop a trading desk, and build out a professional aggregation service. In addition, the funds will help the company develop its 0x API. Which powers popular exchange apps like ShapeShift, MetaMask, and Zapper.
Large Financial Services Companies
0x Labs 15m Pantera TheBlock will use the funds to expand its service globally and build an API that will power popular exchange applications. The startup previously raised $11 million in seed funding from Alphabet and has partnered with hedge funds and other large financial services companies. With this funding, the company plans to build out its infrastructure and hire more employees. It also plans to expand its service to hedge funds. Enabling them to conduct their own transactions with the use of its platform.
Pantera CapitalMcSweeney, the institutional investor behind 0x Labs. Has raised $15 million in Series A funding to expand its decentralized exchange infrastructure and platform. The company plans to increase its global reach, launch a trading desk and expand the 0x Protocol API. It also plans to create a professional aggregation service for the decentralized exchange space.
Institutional Investor
Pantera Capital is an institutional investor focusing on blockchain and cryptocurrency. The firm recently invested in 0x Labs, a company that developed a decentralized exchange protocol and a ZRX token. Pantera Capital plans to use the money to increase its team, expand its platform and network, and develop an open-source protocol.
Final Words:
The 0x Exchange Protocol is a peer-to-peer protocol for the exchange of digital assets. With its help, companies can trade assets across multiple blockchains. And the company hopes to offer a platform with 50% lower transaction fees. Pantera Capital’s investment will allow the company to build out its team and accelerate its global expansion plans. 0x Labs also plans to launch a trading desk to help investors and users trade cryptocurrency.
Labs 15m Pantera TheBlock also plans to invest in more blockchain startups in the future. It plans to raise a series B funding round next year, as well as a larger growth-stage fund. The Pantera Capital Select Fund will focus on revenue-generating blockchain companies and raise funds to help them grow.
