DUBAI, United Arab Emirates, March 26, 2021 /PRNewswire/ — World cryptocurrency funding fund FD7 Ventures introduced in the present day 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 quicker answer with transaction charges which can be decrease than another DEX.
In line 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 Accomplice, 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.
Recognized for his excessive work ethic, together with sleeping at his workplace to get extra completed, 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 direction of higher adoption of Solana and to develop the Serum ecosystem, objectives 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 completed. He has outlined an incredible roadmap to make Serum the quickest and most cost-effective DEX on the market. Not just a bit bit quicker or extra reasonably priced, however exponentially so,” mentioned Chand. “With a purpose to attain true scalability the place 1B persons are transacting in DeFi and crypto, the aim is to be 1,000,000 instances quicker than Ethereum. From what I’ve seen, I consider Sam and his staff have the sources to get it completed.”
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 tasks and manages cryptocurrency property for high-net-worth buyers. 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 Night time
Solana x Serum Defi Night time in Shanghai China
SOURCE FD7 Ventures Ltd.