Fusotao Protocol Raised $2.4M in Seed Round
Fusotao Protocol is thrilled to announce that they have successfully raised and secured $2.4 Million in Seed Funding round.
The seed round is led by D1 Ventures, Seven X Ventures and Big Brain Holdings, with participation from Octopus Venture DAO, 0x Ventures, Vespertine Capital, CeloLaunch Labs, Alpha Investment Group, Cryptobuddy and Alpha Investment Group.
They are happy and honored to share with us that the funds they raised are all coming from some of the most renowned venture capital firms and communities in the crypto space. They also believe these names and the people behind them can help them to take its idea and project onto the world stage, which includes industry expertise, a network of established contacts, and enough finance to develop their idea from seed funding to long-term growth.
The fund raised will be used to explicitly kick off and fuel the exponential growth of Fusotao Protocol, whose mission is to support a number of founders build their own order-book based DEX on our blockchain by using their matching engine and verification protocol. In the near future, Fusotao aspires to be a core component in driving development of DeFi using its high performance and high-security features.
About Fusotao Protocol
Fusotao Protocol is a verification protocol for order-book based matching systems, using the paradigm of “execute off-chain, verify on-chain”. Founders can build their own DEXs based on Fusotao. Communities can earn rewards by trading on the DEXs or directly staking tokens for the DEXs backed by Fusotao Protocol to share transaction fees.
