#GRVT secures $5 million in funding.#
Hot Topic Overview
Overview
GRVT, a hybrid cryptocurrency exchange built on ZKsync, recently announced a $5 million funding round led by Further Ventures, a venture capital firm backed by ADQ, Abu Dhabi's sovereign wealth fund. The funds will be used to support the launch of GRVT's mainnet alpha version, which currently offers perpetual trading. This funding follows a $2.2 million private token sale completed in March 2024, bringing GRVT's total capital to $14.3 million. GRVT plans to launch its token later this year and venture into cryptocurrency spot and options trading.
Ace Hot Topic Analysis
Analysis
GRVT, a hybrid crypto exchange built on ZKsync, announced today that it has secured $5 million in funding led by Further Ventures, a venture capital firm backed by Abu Dhabi's sovereign wealth fund ADQ. The funding will be used to support the launch of GRVT's mainnet alpha version, which will initially offer perpetual trading. This round follows a $2.2 million private token sale completed in March 2024, bringing GRVT's total capital to $14.3 million. GRVT plans to launch its token in the second half of this year and expand into spot and options trading in the cryptocurrency market.The funding demonstrates investor confidence in GRVT's technology and business model, as well as the growing interest in ZKsync technology within the cryptocurrency space.
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Public Sentiment
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Classic Views
GRVT raises $5 million in funding led by Further Ventures, a venture capital firm backed by ADQ, Abu Dhabi's sovereign wealth fund.
GRVT is a ZKsync-based hybrid crypto exchange that offers perpetual trading.
This round brings GRVT's total capital raised to $14.3 million, including pre-seed, seed, and private token sales.
GRVT plans to launch its token in the second half of this year and enter the crypto spot and options trading space.