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0x Labs has raised 70 million in terms of Coinbase NFT partnership

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DEX protocol 0x Lab The recent Series B has raised $ 70 million in funding rounds. The round was led by venture capital firm Grelak Partners, which has joined leading NFT marketplace Opensio Action, as well as Pantera Capital, Jump Crypto and Hollywood actor Jared Leto.

So far, 0x has not yet announced how the fund’s new injection will be leveraged, and the company’s new valuation remains unpublished.

Despite things being kept secret, 0x’s recent partnership with Coinbase could be a good indication of where the funds are going to strengthen its new NFT marketplace. The assumption is backed up by the positivity surrounding the partnership, as announced last week, the 0x native token R ZRX up 47%In addition, the token increased by another 15% 24 hours after its Series B funding round.

If the entire 70 million is not spent on a high-profile endeavor, it will probably be used to develop new or existing features of 0x. What about these features, 0x is an open source decentralized exchange platform Which facilitates peer-to-peer asset exchange in the Ethereum blockchain.

Through its liquidity application programming interface, developers can split transactions between decentralized exchanges such as Uniswap, Curve and Oasis to find the best value and throughput. To help with the process, the protocol includes Matcha, a global liquidity and market search engine that helps users trade tokens at the best prices.

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* All investment / financial opinions published by NFT Plaza come from the personal research and experience of our site moderators and are intended as educational material only. Individuals need to do thorough research on any product before making any kind of investment.



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