WOO Network Bags Series A Funding of $30 Million Amid Growing Crypto Culture

The crypto space is expanding at a rapid pace and more crypto exchange platforms are trying to establish themselves quickly in the market. In a Series A funding round, crypto exchange platform WOO Network has raised $30 million (approximately Rs 223 crore) from various investors including Singapore-based leading investment firm Three Arrows Capital. A total of fourteen other venture capital firms participated in the round. Crypto startup WOO claims to offer users deep liquidity and zero-fee trading on its crypto exchange.

The growth comes after the company’s daily trading value rose to an all-time high of $2.6 billion (approximately Rs 19,330 crore) in mid-September after an increase of $20 million (approximately Rs 148 crore) in early 2020. coindesk,

WOO Network shared the news of the successful closure of its new funding round on Twitter.

NS crypto exchange There are plans to use the funds to set up a research and development facility in Warsaw, Poland.

In October, US-based non-fungible tokens (NFTs) the company is called candy digital Secured $100 million (approximately Rs 747 crore) in Series A funding round. NFTs are digital collectibles inspired by real-life objects that include games, artwork, and songs among other things.

Mojito, a tech-suite enabling the creation of the NFT marketplace, recently secured an investment of $20 million (about Rs 150 crore) in a new funding round.

NS crypto market It is expanding rapidly internationally. Earlier this week, the total valuation of the crypto market reached $3 trillion (approximately Rs 2,22,79,296 crore), according to the market research tracker. coingeco,

according to a report good By Cryptimi, there are currently an estimated 504 cryptocurrency exchanges, of which 259 are tracked on CoinMarketCap and others bring in early startups.

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on technology and telecommunications for the past three years and will focus on writing about all things crypto. In addition, she is a major sitcom nerd and often answers in Chandler Bing and Michael Scott references. For suggestions or queries you can contact him at [email protected]

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