Labs 15m Pantera TheBlock has raised $11 million from the Labs 15m Series, led by Alphabet. The investment will allow the company to expand its platform and also develop an API for financial institutions. It will also enable the company to grow globally. Already, the company has secured partnerships with large hedge funds and financial services firms.
0x Labs raises $15 million in Series A funding
0x Labs has raised $15 million in Series A funding to support its expansion plans. It plans to expand its team to more than 62 employees. It plans to focus on a Matcha platform that aggregates liquidity across multiple DEXs. This platform will allow users to receive the best price possible from different exchanges. It also plans to expand its support for NFT swaps. The company frames its next steps as a process that will create a more open financial system.
Mission driven focus
The new funds will be used to expand the company’s product offering. The company’s founders have been hard at work, and also the team has a mission-driven focus. They have cultivated an incredible team, which includes top talent from leading companies. Their team is distributed, with members across continents. The company has also made significant technical contributions to the Ethereum ecosystem, including the creation of the NFT token standard. They have also raised $15 million in Series A funding from Pantera Capital.
0x has recently announced a partnership with Coinbase that will power their NFT marketplace. The company also completed a $24 million ZRX token sale last week. This recent funding round has helped the company’s native token (ZRX) skyrocket.
0x Protocol API integrates with Meta Mask
0x Protocol is a decentralized exchange that allows orders to be broadcast off-chain and also settled on the network. This minimizes gas costs and reduces blockchain bloat. The protocol also has the ability to allow a wide range of applications. Relayers can broadcast and also receive orders and also collect fees from trades. Anyone can set up a relayer and start receiving orders through the 0x network. The simplest relayer is a website. It will need to build a UI and host a backend database.
Ethereum-based assets
Labs 15m Pantera TheBlock is a protocol that supports a wide variety of Ethereum-based assets. It is designed to be a platform for user-facing applications and exchange applications. This means that 0x will help reduce the need for middlemen and simplify the exchange process for both users and businesses.
The 0x Protocol is designed to facilitate peer-to-peer exchange of assets on the Ethereum blockchain. Its aims to reduce the cost and congestion associated with transactions on the Ethereum network. This protocol will also increase the speed of transactions by eliminating the need for expensive intermediaries. The 0x Protocol API will help a broker or other service provider reduce transaction costs.
0x Protocol is designed to provide an extensible exchange infrastructure for the entire crypto economy. Its v2.0 version has new exchange models that will allow users to tokenize any type of asset. The protocol is open-source, making it easy for developers to integrate it into their websites.
0x Protocol API integrates with ShapeShift
The 0x Protocol API integrates with Shapeshift to offer more flexibility and control over the trading process. The protocol provides a number of tools to help clients manage and also execute trades. The 0x Protocol is based on open source code and is designed to be free to use. It eliminates the need for a middleman, giving individuals more control over their finances.
Explorers and sort transactions
The 0x Protocol API enables developers to build their own applications on the platform. Developers can create trade explorers and sort transactions by different relayers and trading pairs. It’s also possible to use smart contracts to execute trades through the 0x protocol.
The 0x Protocol API is built on a hybrid architecture. It combines off-chain order management and on-chain settlement to create a decentralized exchange. This gives traders complete control of their wallets and removes friction associated with managing order books on the blockchain.
Final Words:
The 0x Protocol API is an open standard that enables developers to build robust applications and also decentralized exchanges. It also lowers the barrier to entry for developers and also new users. As more users start using the protocol, this could lead to a proliferation of decentralized exchanges targeting different market niches.
0x Protocol API is used by many cryptocurrency projects. Since its introduction, it has generated billions of dollars in trading volume. Its founders recently released Matcha, a DEX aggregator with a focus on simplicity and user-friendly interface. It utilizes the 0x Protocol API to source the best prices.