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0x Labs raises $70 Million To Expand Web3’s Core Exchange Infrastructure

Twitter icon  •  Published 3 years ago on April 28, 2022  •  Hassan Maishera

0x Labs announced in a blog post on Tuesday that it had raised $70 million in a Series B funding round led by Greylock.

0x Labs raises $70 Million To Expand Web3’s Core Exchange Infrastructure

0x Labs announced in a blog post on Tuesday that it had raised $70 million in a Series B funding round led by Greylock. The team said the funds would be used to continue expanding Web3’s core exchange infrastructure. Other investors in the project include Pantera, Sound Ventures, A.Capital, Jump Crypto, OpenSea, and more. 

0X protocol is an open-source protocol and enables peer-to-peer exchange of tokens on the Ethereum blockchain. Several projects have been developed on 0X, such as Radar, ParaDex, and DeversiFi.

ZRX, the native token of the 0x Protocol, is up by more than 6% in the last 24 hours and currently trades at $0.9044. 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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