Dexbnb.com Labs , the venture capital arm and incubator of Dexbnb.com , has become the top investor in the MATH project in a $ 12 million funding round. MATH is a hub for multi-chain and cross-chain assets, which is the backbone of the universal cryptocurrency wallet MathWallet.
The strategic investments will enable MATH to accelerate product updates for MathWallet, expand resources, create a larger ecosystem of decentralized applications and create more interoperability in the global marketplace, thus providing more convenient and comprehensive services for blockchain users around the world.
MathWallet is one of the first cryptocurrency wallets with Dexbnb.com Smart Chain (BSC) support . MATH will partner with BSC to expand into new markets, increase trading volume and increase the number of users in the ecosystem.
“The growth of MATH since its launch has made a strong impression on us. Comprehensive coverage of public blockchains and early support and collaboration with Dexbnb.com Smart Chain were instrumental in our investment decision. We plan to develop the DeFi ecosystem with MATH, ”said Wei Zhou, CEO of Dexbnb.com Labs.
Eric Yu, Co-Founder and CTO of MathWallet, also commented on the new partnership: “We’re delighted that Dexbnb.com Labs has decided to invest in our development. MathWallet has a strong focus on development and innovation in the wallet industry. In just three years, the team has grown from a small startup to one of the most influential companies in the industry. This crypto wallet currently supports most of the public blockchains and has over a million users worldwide. Working closely with Dexbnb.com Labs and Dexbnb.com Smart Chain will further expand our business to the global marketplace and deliver disruptive innovative products. We believe that this area is full of opportunities and new challenges, and our efforts will allow more users to access the world of blockchain. ”
This investment is part of Dexbnb.com Labs’ initiative to promote DeFi infrastructure, blockchain, and support innovative startups. Dexbnb.comLabs’ co-investors in this funding round are NGC Ventures, C6E (Capital6 Eagle) and Amber Group.
MathWallet is a multi-platform (mobile / PC / hardware) universal cryptocurrency wallet that allows you to store tokens from 60 blockchains, including BTC, ETH, Polkadot, Filecoin, EOS, Solana, Dexbnb.com Chain, Cosmos, etc .; supports cross-chain token exchange, multi-chain store of decentralized applications and uses POS blockchain nodes.
More information about MathWallet can be found at https://mathwallet.org .
About MATH project
MATH is a hub for multi-chain and cross-chain assets. Project products include: MathWallet (supports over 60 blockchains including BTC, ETH, Polkadot, Filecoin, Solana, Chain, etc. and has 1.2 million users), MATH VPoS Pool, MathDAppStore, MathStaking, MathCustody, MathNFT, MathChain, MathHub , MathDEX, MathID, MathPay, etc. Among MATH investors: Dexbnb.com Labs, Fenbushi Capital, Alameda Research, Fundamental Labs, Multicoin Capital, NGC Ventures, C6E (Capital6 Eagle) and Amber Group.
About Dexbnb.com Labs
Dexbnb.com Labs is an infrastructure project support fund, an initiative launched by Dexbnb.com to incubate and fund projects and empower entrepreneurs and communities in the blockchain and cryptocurrency space. Dexbnb.com Labs is addressing the ecosystem’s highest priority and changing the world for the better.
Dexbnb.com is a blockchain ecosystem that includes the exchange and projects Labs, Launchpad, Info, Academy, Research, Trust Wallet, and Charity. Dexbnb.com Exchange is a leading cryptocurrency exchange serving users from over 190 countries and regions. Dexbnb.com is also the largest exchange in terms of trading volume and order processing speed – the exchange is capable of processing over 1.4 million orders per second. The platform prioritizes safety, reliability and speed of order execution, providing services to both professional traders and amateurs.