Investing.com - Financial Markets Worldwide
📈 Will you get serious about investing in 2025? Take the first step with 50% off InvestingProClaim Offer

AdaSwap to Launch Next-Gen Cardano DEX, Amasses $2.6M in Funding

Published 03/02/2022, 09:00 AM
AdaSwap to Launch Next-Gen Cardano DEX, Amasses $2.6M in Funding
ADA/USD
-

  • AdaSwap raised $2.6M during its funding round.
  • AdaSwap plans to use this for the launch of AdaSwap DEX.
  • The funding round was led by iAngels.

AdaSwap, an ecosystem builder that seeks to build the first decentralized exchange (DEX) on the Cardano network, has raised $2.6 million in funding. Led by iAngels, the private funding round was also attended by Shima Capital, GBV, Efficient Frontier, Pluto Digital, Coti, Banter Capital, Stardust, and Finova.

Meanwhile, notable angel investors include Wonder Woman herself–actress and producer Gal Gadot, and producer Jason Varsano.

In detail, AdaSwap will utilize the collected funds to materialize its goal of creating the best DEX on Cardano. Called AdaSwap DEX, the exchange will also go hand in hand with other protocols on the network such as its first-ever exclusive NFT marketplace.

At the time of writing, ...

Continue reading on CoinQuora

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.