There are all kinds of interesting things happening in the crypto space these days. Crypto adoption also goes great despite the massive market volatility.
It’s been just revealed that an Ethereum-based decentralized exchange (DEX) protocol is closing a Series B funding round with $70,000,000 in capital from investors.
0x Labs announces new funding
In blog post, 0x Labs announced the new funding from a slew of veteran crypto investors, including Greylock Ventures, Pantera Capital, and Jump Crypto.
0x Labs is a San Fransisco-based DEX infrastructure provider that has received attention for its non-fungible token (NFT) swap technology.
It’s also important to note the fact that this is allowing NFT holders to transfer NFTs across multiple blockchains.
It’s been also revealed that last week, Coinbase announced that its new non-fungible token (NFT) marketplace will be powered by 0x.
0x is also a peer-to-peer platform that facilitates users who want to trade one type of Ethereum-based token for another. ZRX can be used for trading fees and governance.
0x Labs co-founder and co-CEO Will Warren says the protocol’s next mission includes “onboarding the next 100x wave of users.”
“We put our ecosystem of integrators first, because if they succeed, we all succeed. Many of the top crypto companies already use and trust 0x, and we’re ready to take the next big step in our mission by onboarding the next 100x wave of users, businesses, and institutions to Web3.”
US Dollar Dominance And Global Divisions To Take Advantage Of Crypto
It’s been just revealed that the US dollar dominance and global divisions will take advantage of digital assets.
The CEO of a global digital asset exchange says the relevance and adoption of crypto will swell as geopolitical tensions rise and the US dollar hegemony grows.
In a new video with Circle chief executive Jeremy Allaire, Binance head Changpeng Zhao explained that as the world gets more divided and the US dollar increasingly gets used as a sanctions tool, crypto will emerge as an alternative.
