Hey there, fellow crypto enthusiasts! Have you heard the latest news? TapiocaDAO has just raised $6 million in their funding rounds, and we couldn’t be more excited! The investors, including Magnus Capital, LayerZero Network, Fisher8 Capital, and PARC Capital, have decided to join forces and make it rain on this omnichain money market powered by LayerZero!
We know that many of you out there are always on the lookout for the next big thing in cryptocurrency. And it seems like TapiocaDAO might just be one of those things. Bringing together Singularity, an isolated risk borrowing and lending market based on Sushiswap’s Kashi product, and Yield Box (BentoBox V2), a permissionless token vault, TapiocaDAO has set itself apart as a decentralized overcollateralized omnichain stablecoin with the ability to mint ‘usd0’. Whew! That’s a lot of jargon to digest, but trust us, it’s exciting.
So, what makes TapiocaDAO so special? Well, it utilizes LayerZero’s technology to enable cross-chain composability without the need for bridging. That means that you can move your assets between different blockchain networks without any hassle.
But, TapiocaDAO isn’t the only one making waves in the crypto world. The Funding Rounds seem to be rolling in, and crypto investors are eager to take part. Recently, we’ve seen SERIES D FalconX make a raise of $150.00M, SERIES A DeBank raise $25.00M, SERIES A NBX raise $7.10M, SERIES A Gensyn Blockchain Service raise $43.00M, and SERIES B LayerZero ZRO Blockchain Infrastructure raise a whopping $120.00M! These investors are not playing around!
We think it’s safe to say that the cryptocurrency market is alive and well, with plenty of new developments and innovations on the horizon. So, if you’re wondering whether or not to take the plunge and invest, we say go for it! Who knows, maybe you’ll be the next big crypto investor making it rain on the next TapiocaDAO.
Until next time, keep those wallets open, and be sure to follow us for all the latest in crypto news and trends!