DEX Protocol 0x Labs Raises $70M From Greylock, OpenSea and Jared Leto: Report

2 years ago

Brandy covers crypto-related task superior deals for CoinDesk.

0x Labs, the unit down a decentralized speech (DEX) protocol and its autochthonal ZRX token, has raised $70 cardinal astatine an undisclosed valuation successful a Series B circular led by Greylock Partners and including NFT marketplace OpenSea, Pantera Capital, Jump Capital and histrion Jared Leto, according to a Forbes report.

  • 0x offers a liquidity exertion programming interface that developers tin usage to divided up transactions betwixt decentralized exchanges to find the champion prices and throughput. Supported exchanges see Uniswap, Curve and Oasis.

  • The steadfast besides offers Matcha, a planetary liquidity and markets hunt motor that helps users commercialized their tokens astatine the champion prices.

  • Last week, the ZRX token soared 47% aft an announcement that 0x would powerfulness the NFT marketplace of Coinbase (COIN), which operates the 2nd largest crypto speech successful presumption of trading volume.

  • The ZRX token is up astir 15% implicit the past 24 hours.

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Brandy covers crypto-related task superior deals for CoinDesk.

Brandy covers crypto-related task superior deals for CoinDesk.


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