Series Pantera CapitalMcsweeney TheBlock has raised a Series A round of funding led by Pantera Capital. The venture capital firm has been an equity partner in The Block for several years. The company is developing a decentralized exchange infrastructure that will enable users to conduct concentrated trades. The Block is led by CEO Will Warren and CTO Amir Bandeali. Both have experience in the industry. Bandeali has worked as a salaried dealer at DRW and previously held positions in the fund management department at the University of Illinois Urbana-Champaign.
Exchange Protocol & ZRX Token
Series Pantera CapitalMcsweeney TheBlock has led a $15 million Series A equity round in 0x Labs, the startup behind the decentralized exchange protocol and ZRX token. The funding will help the startup continue developing its platform and decentralized exchange infrastructure. 0x Labs plans to use the funds to expand its team and develop a platform for cryptocurrency exchanges.
0x Exchange Protocol
Series Pantera CapitalMcsweeney TheBlock has invested in more than a hundred companies. It has now invested in 0x Labs, the company behind the 0x exchange protocol. The funds will go towards expanding the company’s team and building its Matcha platform, which will aggregate liquidity from multiple DEXs and offer the best price across all exchanges. In addition to focusing on the platform, 0x Labs also plans to expand the range of assets it supports. This is all part of its mission to build a more transparent financial system.
The funding came as no surprise, given the recent growth in decentralized exchanges. The number of decentralized exchanges has reached its highest level in a single month. Pantera Capital Mcsweeny led the $15 million Series A round, and it plans to use the money to expand its platform and network. Currently, the company offers a Matcha token search service and plans to add additional chains to the system. It also plans to extend its 0x API service and make it easier to integrate and trade across the many chains.
Integrate Additional Chains & Expand Support for NFT Swaps
The 0x Protocol, a decentralized exchange infrastructure that allows peer-to-peer exchange, has raised $15 million in a Series A equity round led by Pantera Capital. Other investors participating in the round included Greylock, Jump Crypto, Sound Ventures, and OpenSea. The 0x Protocol global backbone is already live, and 0x Labs has plans to integrate additional chains and expand support for NFT swaps.
The 0x project was founded in October 2016, with members with backgrounds in applied physics and finance. Its development team includes blockchain engineers, business strategists, software engineers, and graphic designers. Its advisory board includes executives from Coinbase and Polychain Capital. The founders of 0x saw a need for a decentralized exchange that could be both fast and secure.
Unstoppable Domains
Unstoppable Domains has announced the closing of a $65 million Series A funding round. The company was led by Series Pantera CapitalMcsweeney TheBlock and also attracted participation from other investors. The company plans to use the funds to develop infrastructure that will reduce friction in crypto payments. In addition, it plans to introduce a loyalty reward system to its users.
Series Pantera CapitalMcsweeney TheBlock is a venture capital firm specializing in blockchain and digital tokens. It has five funds, including a fund focused on early-stage digital tokens. This fund is limited to accredited investors. The fund will invest in equity and digital tokens, and will provide access to qualified purchasers.
Blockchain-Based Gaming Platform
Series Pantera CapitalMcsweeney TheBlock latest investment is Unstoppable Domains, a platform for managing NFTs. The company also plans to invest in NFT marketplaces and developer tools. These investments will help Pantera’s platform grow and provide a platform for developers to create their own NFTs. The firm is also investing in 0x Labs, a blockchain-based gaming platform.
The Unstoppable Domains team is actively looking for new partnerships and expanding their team. The company’s unique technology allows users to register and use NFT domains, replacing crypto wallet addresses with human-readable names. Through this technology, Unstoppable Domains aims to enable every internet user and business to create and manage their own digital identity.
Decentralized Exchange on the Ethereum Blockchain
The 0x Project aims to create a decentralized exchange on the Ethereum blockchain, enabling the tokenization of any asset. This would allow for thousands of different types of tokens to be created. To be successful, however, the system needs a trustless and efficient way of exchanging tokens. The 0x Project addresses these problems by creating a decentralized exchange that is both fast and secure.
Mcsweeney TheBlock recently completed an ICO, raising over $11 million. The funding will allow for the company to expand internationally and hire more people. The company will also use the funds to enhance its network and platform. The funds will be used to develop a decentralized exchange platform for cryptocurrency exchanges.
Broadcast Trade Orders
The 0x Protocol is based on a network of relayers that broadcast trade orders. These relayers act as an exchange, but do not execute trades themselves. They only relay orders to the network with the maker’s intent. To execute these transactions, a taker must submit his or her signature to the smart contract. The 0x Protocol will facilitate a healthy marketplace for these assets.
Currently, Series Pantera CapitalMcsweeney TheBlock is leading a $15 million Series A round of funding for TheBlock. Series Pantera CapitalMcsweeney TheBlock is a developer of the 0x exchange protocol and plans to expand its infrastructure. The company has previously partnered with ShapeShift and is looking to expand its technology and infrastructure further.
Decentralized Cryptocurrency Exchange System
The 0x Protocol is a decentralized cryptocurrency exchange system that is easy to use and takes care of some of the problems of other decentralized exchanges. It is a great base for similar exchange systems to operate on. It is currently trading at $0.23 and has hit an all-time high of $0.53. As an entry point, ZRX is a great buy. Once it has proven its usefulness, it should continue to rise.
Series Pantera CapitalMcsweeney TheBlock 0x Protocol aims to represent any asset on the Ethereum blockchain. The goal is to create an exchange that is as fast and as efficient as possible. The founders of the project realized that existing decentralized exchanges were slow and inefficient and wanted to build a platform that would meet the needs of the cryptocurrency industry.
Kik Interactive Inc.
On June 4, the Securities and Exchange Commission (SEC) filed a complaint against Kik Interactive Inc. alleging that the company sold securities in digital assets without registering them. On September 30, the court granted the SEC’s motion for summary judgment, determining that Kik’s sales of “Kin” tokens were securities. The company must pay a $5 million fine.
Chapter 11 Bankruptcy Protection
Series Pantera CapitalMcsweeney TheBlock company operates in Canada and filed for Chapter 11 bankruptcy protection on September 24, 2018. Its main product is a messaging application that allows users to share multimedia messages and create groups. In addition, Kik’s software also allows users to participate in a cryptocurrency-based digital economy. Founded in 2011, Kik Interactive has grown to be one of the most popular messaging applications in the world.
In 2017, Kik’s Board of Directors decided not to pursue VC funding, and instead raised nearly $100 million from contributors through an initial coin offering (ICO). The company released the “Kin” digital tokens to the public in June 2018. The ICO was limited to US residents, but the company also launched a beta version of Kin, which allows users to spend and earn Kin in native Kik applications.
Final Words:
Nevertheless, the decision of Judge Hellerstein in SEC v. Kik Interactive Inc. provides a warning to digital asset providers: careful contractual language is not enough to prevent a finding of securities violations. Courts will read warranties as inconsistent with the economic realities of an integrated private/public transaction. Furthermore, the decision could have a significant effect on the flexibility of digital assets.
While the SEC’s position on Kin remains murky, the Kin Foundation’s blog post has been persuasive. It argues that the SEC did not register KIN as a security and did not impose trading restrictions. Such a compromise is unusual for the SEC, which is generally geared toward shutting down offerings that could be subject to ongoing violations.