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Pandora raised $ 2.4 million from industry giants to open finance through NXT to bridge off-chain assets – press release bitcoin news


Press release. Pandora Finance (https://pandora.finance/) Announced that they had successfully closed their $ 2.4m seed round. The Pandora team received pledges from some of the most visible investors in the cryptocurrency sector, and closed the round oversubscribed manifold.

Overview of Strategic Investors

The funding round ended with Pandora selecting some of the most respected investors in the crypto space. Pandora’s strategic investors include Genesys Block, Spark Digital Assets, AU21, x21, NGC, Zokyo Ventures, Exnetwork, A195, Protocol Ventures, GenBlock, Magnus Capital, Chain Asset Capital, Amestane, Crypto Dorm Fund and Master Ventures and Danish recognized Individual investors are included. Chaudhary (bitcoin.com exchange) and others.

“GBV is closely following the developments of NXT. At Pandora, we look for a unique and innovative solution to bring liquidity to the NXT ecosystem. This represents a major breakthrough in potential use cases for NXT! “

– Leslie Tam, Genesis Block Ventures Co-Founder and Partner.

“We are excited to partner with Pandora as they traditionally create greater interoperability and liquidity for liquid assets, and present new risk opportunities on the blockchain. Pandora’s clever integration of NXT technology, broader product offerings The suit, and his stellar team, is in a position to allow them to succeed in their mission to bridge the gap between digital and physical assets. “

AU21 (https://au21.capital/)

Overview

The Pandora Protocol is a hybrid open finance solution to the problems faced by both traditional finance and decentralized finance. By creating a bridge between real-world and on-chain assets, this protocol allows for tokens of atypical assets – meaning they can be found, traded, and owned in a secure, decentralized way.

NFTs are becoming increasingly popular over the past 12 months; However, lack of liquidity has been a concern for many people. Pandora’s middleware solution drives liquidity in the NXT ecosystem for any NXT platform; This digital asset can come as a real-world real property through NXT. Pandora offers significant advantages over other marketplace enabled technologies because instead of competing with other NXT platforms for liquidity, they are helping other platforms to grow by simply inducing liquidity in them.

It is this technology that sits at the heart of the future value of the Pandora Protocol. Imagine a market where digitally native and real-world assets can both have liquidity, accurate pricing, as well as be constantly updated with relevant on-chain data. This will add significant utility and purpose to the NXT space, and allow them to swap, trade or borrow.

What’s next for pandora

Not satisfied with opening up the market liquidity to real-world assets, Pandora is currently working on a unique new standard that they are naming PiNFT. This hybrid standard, featuring both fungible and irreparable token functionality, works by wrapping NXT with intrinsic value; Such as DAI. It can then be traded on Uniswap, Maker and AAVE – effectively enabling NFT cross-chain trade on a large number of platforms.

Looking ahead to the remaining 2021, the Pandora team will continue to improve the product and establish even more partnerships to expand the protocol’s effective reach. Meanwhile, the team behind Pandora are gearing up for their IDO (initial DEX offering).

“We at Pandora are envisioned to bridge the gap between on-chain and real-world wealth through NXT. Our team with driven forces is fully prepared to revolutionize the NXT ecosystem, with its By maximizing capacity and bringing liquidity to the world of latent liquid assets ”.

– Pushkar Vohra, Founder and CEO – Pandora Finance

About pandora

Pandora builds a bridge between on-chain and real-world assets to create an open finance ecosystem. This protocol allows for tokens of inequitable assets, meaning that they can be found, traded, borrowed, and owned in a secure, decentralized manner. Pandora provides both a middleware solution for liquidity enabled NXT, as well as Dapp developers with the ability to leverage Pandora to provide liquidity to their own users’ NXT.

Website: http://www.pandora.finance/

Twitter: https://twitter.com/ Pandora Protocol

Medium: https://medium.com/pandoraprotocol

LinkedIn: https://linkedin.com/company/pandoraprotocol

Telegram Official Group: https://t.me/ Pandora Protocol


This is a press release. Readers should do their due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not directly or indirectly responsible for any damage or loss caused or alleged to be caused by the use or reliance of any content, goods or services mentioned in the press release.

Image credit: Shutterstock, Pixabay, Vicky Commons





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