DUBAI, United Arab Emirates, March 26, 2021 /PRNewswire/ — World cryptocurrency funding fund FD7 Ventures introduced immediately that they’ve added DeFi venture Serum (SRM) to their holdings. Constructed on the Solana chain, Serum is a DEX, or decentralized alternate, and venture ecosystem that goals to be a quicker answer with transaction charges which might be decrease than some other DEX.
In keeping 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 Companion, famous that he was “extraordinarily impressed” after studying about Serum co-creator Sam Bankman-Fried, who can also be the founding father of crypto-derivatives platform FTX and CEO of quantitative crypto buying and selling agency Alameda Analysis.
Identified for his excessive work ethic, together with sleeping at his workplace to get extra executed, Sam constructed FTX into the sixth largest crypto alternate by quantity only a few years after graduating from MIT. Now, he has said that his focus is to work in 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 individuals to the DeFi and crypto house.
“Past being a visionary and an unbelievable philanthropist, Sam is somebody who will get issues executed. He has outlined a tremendous roadmap to make Serum the quickest and least expensive DEX on the market. Not just a bit bit quicker or extra inexpensive, however exponentially so,” stated Chand. “With a view to attain true scalability the place 1B individuals are transacting in DeFi and crypto, the objective is to be one million instances quicker than Ethereum. From what I’ve seen, I imagine Sam and his staff have the sources to get it executed.”
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 workplaces in Toronto, Dubai, and Bangalore, FD7’s staff leads investments in all phases 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.