Ferrum Network Introduces Ferrum Ventures
Ferrum Network is proud to introduce Ferrum Ventures. Ferrum is growing rapidly. This is evidenced by the fact that the team has gone from 4 to over 30 employees in the course of 9 short months.
They have developed multiple products over the course of the year, and working simultaneously on integrating their products with 8 different network as well as incubated 2 dozen projects with many more in the pipeline.
Ferrum Ventures is the arm of Ferrum that focuses on growing Ferrum’s investment portfolio. These investments will be used to help grow and scale the business on a holistic level. Revenue generated via this arm of the business will be invested into buybacks, community growth, marketing, and scaling our ever-growing Ferrum team.
Some of the projects that Ferrum Ventures has recently invested in are:
- zkSync — trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology.
- DeFiYiel.app — a gateway to DeFi where you can manage assets across blockchains, generate returns from cryptocurrencies, access the best token swap rates, and more.
- Router Protocol — Unified Aggregator enabling smart order routing across various DEXes on different blockchains. Recently raised 4.1 million from Tier 1 VCs including Coinbase Ventures.
Ferrum will be taking 20% of the profits from our Ferrum Ventures investments and buying back FRM and FRMx.
Ferrum Ventures may also, in the future, allow then to reward both short-term hod’ling and long-term loyalty. In the case of short-term hodl’ing, with the advent of the Ferrum Leaderboard, Ferrum Ventures may provide early-stage investment opportunities to those who want them most while simultaneously adding buy pressure to the FRM and FRMx tokens.
ABOUT Ferrum Network
Ferrum Network is a cross-chain Blockchain as a Service DeFi company that specializes in adding deflationary token utility and advisory services to projects across the crypto space.
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