AlgoBlocks will provide its customers with an all-in-one DeFi Dashboard, a comprehensive DeFi portfolio, Swap Assets access to many DEXes on one page, a comprehensive Dapp and DEX search engine, from DEXes to NFTs, and a DeFi education portal with a gamified system and One of the main aims of the AlgoBlocks is to give away to invest and stake in DeFi projects using readymade template trading techniques.
The AlgoBlocks receives a total of USD 1,940,000 in strategic and private funding. The firm met its USD 391,000 strategic round objective and collected USD 1.55 million in private capital. Draper Dragon, Big Brain, and Kyber Ventures were among the lead investors in the funding round.
Plans for using USD 1.55 million funding by AlgoBlocks
The funds will be utilised for product development and expansion activities, such as collaboration with other protocols. It will also be utilised to enter the NFT ecosystem, allowing consumers to benefit from the industry’s rapid growth.
Funding Target set by AlgoBlocks
A total of USD 2.36 million is needed to reach the goal of the investments in various modes. The AlgoBlocks team is on track to meet its objectives in the first quarter of 2022. The company will also be offered on the MEXC and BitMart platforms, allowing it to reach a wider audience and provide the smooth and beginner-friendly DeFi.
To bring several blockchains into one place, the platform will use cross-chain services. Its goal is to provide flexible integration with as many supported products as possible. AlgoBlocks intends to ease the process of interfacing with several DeFi protocols throughout different blockchains as an all-in-one DeFi management platform.
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