Alphabet, which led the seed round for Labs 15m Pantera TheBlock, has invested $11 million in the company, which will use the money to expand its platform, add more intelligent features, and build an API to make its system even more powerful. The investment will also help the company expand its global reach. Already, Pantera TheBlock has secured partnerships with hedge funds and large financial services companies.
Globally & Develop Platform
The funding is being used to expand globally and also develop its platform and decentralized exchange protocol. It will also enable the startup to develop its API for developers to integrate exchange functionality into their apps. The company already has an integration with MetaMask and ShapeShift, which has generated over $3 billion in trades in the last six months.
Labs 15m Pantera TheBlock is a startup behind the decentralized exchange protocol and ZRX token. It recently raised $15 million in Series A funding led by Pantera Capital. The money will be used to expand its platform globally, set up a trading desk and also professional aggregation service, and develop an API for developers to incorporate decentralized exchange functionality into their apps.
Large Financial Institutions
Labs 15m Pantera TheBlock company previously raised $11 million in seed funding from Alphabet. With the new funding, it plans to expand its platform and also API to include more digital tokens. It also plans to expand its service to hedge funds and other large financial institutions.
0x Protocol API integrates with Meta Mask
Labs 15m Pantera TheBlock 0x protocol is a decentralized exchange that offers a range of products and services. It uses smart order routing to aggregate liquidity from multiple DEXs and provide market-leading prices for users. This allows users to create limit and also market orders, and get quotes with minimal slippage.
The 0x Protocol API integrates with Metamask to allow users to browse the crypto market. It provides exchange functionality and top market prices, and has been integrated with several projects. Its integration with MetaMask is a big step forward for both developers and consumers.
The 0x Protocol is a decentralized exchange that powers frictionless peer-to-peer exchange of assets on the Ethereum blockchain. Its API aggregates liquidity and reduces the cost of trades on the Ethereum network. It also introduces staking and governance rights for relayers.
On-Chain Settlements
While other DEX protocols use on-chain settlements, the 0x protocol makes use of off-chain “relayers” to minimize transaction fees. This allows users to avoid fees and also reduce network congestion. It is also possible to use the 0x protocol with decentralized applications and also complex smart contracts.
Enable Developers
The 0x Protocol API is designed to enable developers to access aggregated multi-chain DEX liquidity. It’s already powering a number of popular DeFi applications, including Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom. This integration brings an industry-leading liquidity API to the Optimism ecosystem.
Hybrid Implementation of Onchain Settlement
The 0x protocol is a hybrid implementation of onchain settlement and also offchain order management. This enables traders to have complete control over their wallets without the friction of managing order books on the blockchain. With this protocol, traders can easily manage their orders with their wallets without worrying about executing complex smart contracts.
Supports Native BTC
Uniswap is a blockchain network operated by a US-based company. It is compatible with many popular decentralized exchanges, including ShapeShift. The offers more than 50 DEXs and also around 1,000 trading pairs. It also supports native BTC and also ETH swaps. The platform will pick the protocol needed for each transaction.
TheBlock has raised $15 million in its Series A round of funding from Pantera Capital, one of the early investors in 0x Labs. This investment will allow the company to continue building its product and support additional blockchains. The company plans to implement new features and also expand support for more chains as well as NFT swaps. In addition to its current product offering, TheBlock plans to offer services to other countries, including Thailand and Taiwan.
Pantera Capital has a long history of investing in companies building blockchain infrastructure. The company has previously invested in McSweeney theBlock and also 0x Labs. The Series A round involved $6.5 million from Pantera and also $18 million from existing investors. The funds will be used to build out the company’s platform and API.
Final Words:
The 0x Protocol is a decentralized exchange protocol powered by ZRX tokens. Founded in 2016, the company has 32 core team members from various disciplines, including finance and also engineering. Its co-founders, Will Warren and Amir Bandeali, have extensive experience in the technology industry. They are backed by Polychain Capital, a venture fund, and also Pantera Capital, one of the largest institutional asset managers in the blockchain space.