ArthSwap announces successful completion of fundraising from Next Web Capital, DFG & LongHash Ventures
ArthSwap announced today that it has raised a seed round of funding from DFG and LongHash Ventures.
ArthSwap is a one-stop defi built on top of Astar Network — the leading para-chain and layer1 solution on Polkadot.
There’s been a lot of buzzes even before the service was released.
The community surpassed 100,000 members within a week of the SNS release. Within a week of the service’s release, the community reached 100,000 members, and the TVL reached nearly 15 million.
This seed round of funding was supported by Next web Capital, a leading fund in Astar ecosystem, and two strong investors in Polkadot ecosystem.
“Arthswap is a Astar-native, super-agile and fast growing team. It is such an opportunity for us to support multi-chain defi project on Astar like Arthswap. Arthswap would become to fundamental infrastructure in Web3 world, growing with Astar Network.” Sota Watanabe, Next Web Capital Founder
“We are beginning to witness the growth of the most promising projects within Polkadot, and with ArthSwap as a one-stop hub for DeFi products that is taking a first-mover attitude, within the Astar Network, to offer the industry a highly efficient way to participate in liquidity mining, staking, lending and much more, we expect to seem them succeed thanks to the great team that has brought this project to life.” James Wo, DFG Founder and CEO
The funds raised will be used to increase commitment to the Astar Network and Astar community and ecosystem, and to accelerate development.
Being early investors in the Polkadot ecosystem, we have deep appreciation for the visionary approach of Astar. The hub is well positioned to capture the upcoming wave of adoption by preparing for multi-chain, Layer 2, and WASM.
We are excited to support the critical infrastructure on Astar/Shiden such as Arthswap. Shi Khai Wei , LongHash COO
We, ArthSwap, will continue to contribute to the expansion of Astar ecosystem and empowerment of the community to realize Huge TVL and increase Astar’s valuation.
About Next Web Capital
Next Web Capital is a global blockchain and Web3 accelerator enables founders across the ecosystem. With founding team of Astar Network and Japan’s most renowned blockchain incubator Fracton Ventures, we offer unique full-range support to startups through fundraising, forming token economics, technology guidance, marketing and community management.
About Digital Finance Group
Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm founded by James Wo in 2015 and has assets under management of over $1 billion. Through a wide range of sectors within the blockchain ecosystem such as Web3.0, CeFi, DeFi, NFTs, the Polkadot ecosystem, DFG intends to create value, through analytical research, based on the most impactful and promising global blockchain and Web3.0 projects that will bring a paradigm shift to the world.
About LongHash Ventures
LongHash Ventures is a global blockchain accelerator and investor building the native Web 3.0 blockchain economy. With a global network established across key technological hubs including Singapore, Shanghai, and Hong Kong, the company is committed to catalyzing growth for the next generation of blockchain startups. In parallel, LongHash Ventures offers end-to-end support across the spectrum of strategy formulation, go-to-market execution, and subject matter guidance across technology, marketing, and fundraising. LongHash Ventures is supported by Fenbushi Capital, Hashkey Capital under Wanxiang Group, and Enterprise Singapore, a statutory board under the Ministry of Trade and Industry.
What is ArthSwap?
ArthSwap is a one-stop Defi protocol aiming to become a leading DEX on Astar Network.
Its main functions are going to be swapping, staking, liquidity mining, and we will have more functions on the way!
We focus on growth in the Astar Network ecosystem and are willing to optimize all the elements for Astar, so we consider ourselves as an “Astar-native” dApp. ArthSwap to Astar is what Trader Joe is to Avalanche, what Quickswap is to Polygon, and what Uniswap is to Ethereum!
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