Ever since the beginning of 2021, the cryptocurrency and blockchain industry has gained tremendous prominence and adoption rate. As the adoption rate in the cryptocurrency sector is constantly increasing, new firms are coming into being on a regular basis.
In a matter of 8 months, several billion have been invested by major cryptocurrency and blockchain venturing firms for several funding rounds. So far, hundreds of funding rounds have been led by several venturing funds and other major companies wanting to be part of the crypto-verse.
Just recently, Slope Finance has made an announcement, which is also for a successful funding round. Slope Finance has announced that it has successfully carried out and closed the funding round it had recently carried out.
From the funding round, the firm has successfully generated $2.3 million. The firm has revealed that the funding round was a seed funding round that was led by several investors.
Slope Finance has also revealed the name of the investors who participated in the particular funding round. The names of the particular firms that participated in the funding round include Krypital Group, OxVentures, Ausvic Capital, and Signum Capital.
Some other prominent investors include NGC Ventures, Fundamental Labs, SkyVision Capital, Rarestone Capital, GSR, Solana Capital, and Alameda Research. This goes to show how many venturing firms have been participating in the growth and development of the crypto-blockchain sector.
These firms have been making huge investments even in other crypto-blockchain startups. These firms have been making constant investments for the advancement and exposure of the cryptocurrency markets.
This is another milestone that has been achieved by Slope Finance in exploring the Solana ecosystem and also cultivating the benefits from it.
The Slope Finance team has announced that it will be using the funds generated from the funding round towards three major aspects. The first aspect would be to expand the team that Slope Finance currently has to cater to the needs of the customers and clients.
The second aspect would be to introduce more advancements and upgrades to the Slop Wallet. The firm will also work towards providing users with cross-platform capabilities for the Slope Wallet.
The third aspect would be the up-gradation of the Slope decentralized exchange. Slope Finance has reportedly launched its decentralized exchange through the mobile application, which is based on the Serum protocol. The firm will be using the funds for the advancement of the decentralized exchange and adding more features to the application.
The Slope Finance platform has been designed, developed, and launched through the Solana Network. Solana Network currently exists as one of the fastest networks for the flow of transactions. Furthermore, the network does not implement any transaction fees. The platform even offers users the ability to have a very customizable platform as well as access to trading bots.
The post $2.3 Million Raised by Slope Finance Following a Successful Funding Round appeared first on CryptocyNews.com.
from CryptocyNews.com https://www.cryptocynews.com/2-3-million-raised-by-slope-finance-following-a-successful-funding-round/
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