Plasma Raises $3.5 Million Funding Round Led by Bitfinex
On October 18th, Plasma Network raised $3.5 million in its latest funding round, which was led by Bitfinex and included investor Christian Angermayer and a number of venture capital firms such as Split Capital, Anthos Capital, Karatage and Manifold Bitfinex CTO and Tether CEO Paolo Ardoino is also behind the project. The Plasma Network is an EVM-compatible blockchain capable of running any ethereum-compatible smart contract, with the goal of expanding USDT's payment capabilities on Bitcoin through a zero-fee payment channel.Plasma is also considering expanding into the Cosmos ecosystem in the future, but is currently focusing on the EVM side of the fence and hopes to augment the Bitcoin Network's payment and DeFi capabilities with this innovation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
At 21:30 today, the US October PPI annual rate and other data will be released.
After Nvidia (NVDA.US) plunged 32%, Goldman Sachs cited the Apple precedent, while Fundstrat even called for “buying the dip.”
After Nvidia plunged by 32%, Goldman Sachs suggested, drawing parallels with Apple, that its valuation might face pressure before recovering. Tom Lee advocated for "buying the dip," with all differing opinions pointing to declines as investment opportunities.
Crypto prices
More
