Swiss DeFi trading platform Nested has raised a $7.5 million Series A round led by hedge fund heavyweight Alan Howard.
Nested differs from his previous investments in that it sees itself as a social trading platform for DeFi. After connecting with a supported wallet, Nested allows users to build portfolios of tokens which are themselves minted as NFTs. In a parallel of the"copy trading" features developed by online broker eToro, Nested says these"Nested NFTs" are easily discoverable on the platform and can be used by creators to share DeFi investment strategies.
"[We] backed Nested because we are thrilled to see such a mature product with a UX that is primed for ease," Andrew Durgee, co-managing partner at Republic Capital, said in the statement."We believe that Nested is ready to be used out of the box and geared for adoption.” Nested plans to use the extra funding to hire staff and introduce features such as portfolio leaderboards, staking, and social media-like aspects such as user profiles and integrated messaging.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Howard Hughes sells 63-acre former ConocoPhillips campus to MidwayAn entity tied to Houston-based Midway has purchased a big vacant office campus in the...
Read more »
SXSW adds Pete Buttigieg, Ron Howard and Audie Cornish to speaker lineupSeveral high-profile politicians and celebrities will be keynote speakers at SXSW this year.
Read more »
'Reacher' star Alan Ritchson reveals he met his high school sweetheart doing balletAlan Ritchson has a secret about his relationship with wife Catherine: It all started at a barre.
Read more »
‘Skeletons In The Closet’: Udo Kier, Sally Kirkland, Louis Mandylor Join Terrence Dashon Howard Pic; Horror Gets New DirectorEXCLUSIVE: Udo Kier (Downsizing), Oscar nominee Sally Kirkland (Anna) and Louis Mandylor (The Mercenary) have joined Terrence Dashon Howard, Cuba Gooding Jr, Clifton Powell and Valery M. Ortiz in h…
Read more »
How San Jose plans to spend the first chunk of Google’s $200 million community benefit packageThe city of San Jose has already collected $7.5 million from the tech giant — and construction has yet to commence.
Read more »