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Jelly Labs AG and Fintonomy LTD have secured $2 million in seed funding from private investors. The funds will drive the development of Jellyverse, a groundbreaking platform for advanced DeFi services built on the innovative DeFiMetaChain (DMC).
This initiative, led by the core team behind DeFiChain Accelerator, marks a pivotal step towards bridging real-world assets with DeFi applications.
Jellyverse, initiated by the DeFiChain Accelerator team, is set to redefine the DeFi landscape with its groundbreaking approach. Unlike traditional DeFi platforms, Jellyverse integrates real-world assets seamlessly into its offerings, bringing forth the era of DeFi 3.0.
Built on the EVM-compatible Layer-2, DeFiMetaChain, Jellyverse taps into unparalleled interoperability by acting as a parasitic chain. This allows it to effortlessly connect with various blockchains, gathering essential data for developing cross-chain protocols that surpass current industry standards. Importantly, the platform offers a cost-effective solution, benefiting from lower gas fees compared to Ethereum.
Jellyverse introduces a suite of cutting-edge offerings, each playing a crucial role in advancing decentralized finance:
Jellyverse, governed by an on-chain DAO and powered by the native token JLY, positions itself as a comprehensive DeFi ecosystem, advancing towards sustainability and yield-oriented landscapes.
This injection of $2 million in seed funding propels Jellyverse into the forefront of DeFi innovation, promising a new era of decentralized financial services anchored in real-world assets on the DeFiMetaChain platform.
The post Jellyverse secures $2M seed funding for DeFi 3.0 on DeFiMetaChain appeared first on Invezz
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