A new 9-figure fundraiser?

Sat 15 October 2022 ▪ 15:00 ▪
3
my read – by
Cédrick Aimé GUELANG OFALABEN

The developers of Uniswap, the first DEX in the crypto industry, have just made a sensational announcement. In fact, the decentralized exchange closed an estimated $165 million fundraising round in a Series B funding round. The deal, led by investment firm Polychain Capital, increases the value of the ‘company’. With this new capital, the platform will create new products to be even more accessible to beginners.

Uniswap raises $165 million

Uniswap raises $165 million to facilitate access to web 3

The rumored Uniswap fundraiser was not a hoax. Despite a devastating crypto bear, investors continue to believe in crypto projects and do not hesitate to invest astronomical sums. The latest example concerns 165 million dollars which Uniswap Labs has just collected for facilitate access for everyone to the web 3.

This fundraiser has been confirmed by the exchange and it will have a positive impact on the crypto industry. For example, there will be less and less centralized exchanges in favor of decentralized transactions. For all intents and purposes, remember that the Uniswap platform is currently at the top of the ranking of crypto exchanges. That practically counts on its own 65% of decentralized transactions made on the market.

In addition, the daily transactions from the Uniswap platform are about half a billion dollars. In the announcement from the stock exchange, we can read the title Make Web 3 accessible to everyone”. The protocol to think about everything and intends to intensify the development of new functionalities that beginners will quickly integrate. The announcement of the fundraising is part of the series of changes that the platform is currently making.

Conclusion

A day before the fundraiser, it also announced that it wanted to reform its web application. This overhaul will not bring about any real changes as the protocol will remain the same. The only difference is that users will be able to benefit from a lot of real-time crypto information. This will make the exchange experience pleasant. The fundraising will allow Uniswap to release non-fungible tokens or even NFTs.

Source: Uniswap.org

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Cédrick Aimé GUELANG OFALABEN avatar
Cédrick Aimé GUELANG OFALABEN

PhD student in financial law and experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading etc. Naturally, thanks to his articles, he participates in the daily blockchain revolution for a better democratization of DeFi.

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