DUBAI, United Arab Emirates, March 26, 2021 /PRNewswire/ — World cryptocurrency funding fund FD7 Ventures introduced immediately that they’ve added DeFi undertaking Serum (SRM) to their holdings. Constructed on the Solana chain, Serum is a DEX, or decentralized trade, and undertaking ecosystem that goals to be a sooner resolution with transaction charges which might be decrease than another DEX.
In keeping with Serum’s website, transaction charges are as little as $0.00001 and are accomplished with sub-second buying and selling and settlement instances.
Prakash Chand, FD7 Ventures Managing Associate, famous that he was “extraordinarily impressed” after studying about Serum co-creator Sam Bankman-Fried, who can be the founding father of crypto-derivatives platform FTX and CEO of quantitative crypto buying and selling agency Alameda Analysis.
Identified for his excessive work ethic, together with sleeping at his workplace to get extra accomplished, Sam constructed FTX into the sixth largest crypto trade by quantity just some years after graduating from MIT. Now, he has said that his focus is to work in the direction of larger adoption of Solana and to develop the Serum ecosystem, targets that ladder as much as his imaginative and prescient of bringing 1 billion individuals to the DeFi and crypto house.
“Past being a visionary and an unbelievable philanthropist, Sam is somebody who will get issues accomplished. He has outlined an incredible roadmap to make Serum the quickest and most cost-effective DEX on the market. Not just a bit bit sooner or extra reasonably priced, however exponentially so,” stated Chand. “With the intention to attain true scalability the place 1B individuals are transacting in DeFi and crypto, the purpose is to be one million instances sooner than Ethereum. From what I’ve seen, I consider Sam and his staff have the assets to get it accomplished.”
FD7 Ventures continues so as to add to their crypto portfolio, which incorporates Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Cosmos (ATOM), and now Serum (SRM).
About FD7 Ventures
With workplaces in Toronto, Dubai, and Bangalore, FD7’s staff leads investments in all levels of blockchain and crypto initiatives and manages cryptocurrency property for high-net-worth traders. The fund was began by serial entrepreneurs Prakash Chand and Q Dhalla.
To study extra about FD7 Ventures and their holdings, go to their web site at fd7.ventures.
Serum DeFi Evening
Solana x Serum Defi Evening in Shanghai China
View authentic content material to obtain multimedia:http://www.prnewswire.com/news-releases/crypto-investment-fund-fd7-ventures-adds-defi-project-serum-to-their-portfolio-301256904.html
SOURCE FD7 Ventures Ltd.