DUBAI, United Arab Emirates, March 26, 2021 /PRNewswire/ — International cryptocurrency funding fund FD7 Ventures introduced right this moment that they’ve added DeFi mission Serum (SRM) to their holdings. Constructed on the Solana chain, Serum is a DEX, or decentralized trade, and mission ecosystem that goals to be a sooner answer with transaction charges which might be decrease than some other DEX.
In line with Serum’s website, transaction charges are as little as $0.00001 and are accomplished with sub-second buying and selling and settlement instances.
Prakash Chand, FD7 Ventures Managing Accomplice, famous that he was “extraordinarily impressed” after studying about Serum co-creator Sam Bankman-Fried, who can be the founding father of crypto-derivatives platform FTX and CEO of quantitative crypto buying and selling agency Alameda Analysis.
Recognized for his excessive work ethic, together with sleeping at his workplace to get extra finished, Sam constructed FTX into the sixth largest crypto trade by quantity only a few years after graduating from MIT. Now, he has said that his focus is to work in the direction of higher adoption of Solana and to develop the Serum ecosystem, objectives that ladder as much as his imaginative and prescient of bringing 1 billion folks to the DeFi and crypto area.
“Past being a visionary and an unbelievable philanthropist, Sam is somebody who will get issues finished. He has outlined an incredible roadmap to make Serum the quickest and most cost-effective DEX on the market. Not just a bit bit sooner or extra reasonably priced, however exponentially so,” mentioned Chand. “As a way to attain true scalability the place 1B individuals are transacting in DeFi and crypto, the purpose is to be one million instances sooner than Ethereum. From what I’ve seen, I consider Sam and his workforce have the assets to get it finished.”
FD7 Ventures continues so as to add to their crypto portfolio, which incorporates Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Cosmos (ATOM), and now Serum (SRM).
About FD7 Ventures
With places of work in Toronto, Dubai, and Bangalore, FD7’s workforce leads investments in all levels of blockchain and crypto initiatives and manages cryptocurrency belongings for high-net-worth traders. The fund was began by serial entrepreneurs Prakash Chand and Q Dhalla.
To be taught extra about FD7 Ventures and their holdings, go to their web site at fd7.ventures.
Serum DeFi Evening
Solana x Serum Defi Evening in Shanghai China
SOURCE FD7 Ventures Ltd.