Polkadot's ecological cross-chain DEX protocol Zenlink received investment from Hypersphere

PolkaWorld

2021-03-16 10:39 (UTC+8)

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Today we are pleased to announce to the community that Hypersphere Ventures has completed its investment in Zenlink, Polkadot's ecological cross-chain DEX protocol.

Today we are happy to announce to the community,Hypersphere Ventures has completed its investment in Polkadot's ecological cross-chain DEX protocol Zenlink, Hypersphere Ventures will be deeply involved in the ecological and community building of the Zenlink DEX network.

Hypersphere Ventures is a Polkadot Ecological Fund led by Polkadot co-founder Robert Habermeier and former Web3 Foundation consultant Jack Platts. It has previously invested in outstanding Polkadot ecological projects such as Acala and Moonbeam.

Series A financingSeries A financing, Hypersphere Ventures is the first investment institution disclosed by Zenlink in this round of financing, and other institutions participating in this round of investment will be announced to the community in due course. In September 2020, Zenlink completed a US$1.1 million angel round of financing led by Hashkey, followed by Continue, IOSG, D1 Ventures, and Youbi.

About Hypersphere Ventures

About Zenlink

Zenlink is a cross-chain decentralized trading network based on Polkadot, dedicated to building a new generation of cross-chain DEX network. By integrating the Zenlink DEX Module, Zenlink can quickly enable parachains to have DEX capabilities and share liquidity with other parachains; the Zenlink DEX aggregator can link all DEX DApps on Polkadot. Users can not only complete the exchange easily and quickly, but also enjoy a low-slip trading experience; Zenlink’s native token ZLK provides a fair and transparent governance mechanism and reasonable value capture methods to motivate ecological users to participate in network development for a long time.

Zenlink is an important member of the Polkadot ecosystem. It has completed the delivery of two Web3 Foundation Grants and the third Grant application has been approved. December 12, 2020The Zenlink team completed the first cross-chain communication prototype verification between parachains on the Polkadot network, and based on the asset management and DEX modules in the Zenlink DEX Module, the first real cross-chain transaction use case has been successfully realized.

Next Friday, March 19 at 14:00, PolkaWorld will hold a Polkadot offline Meetup in Shanghai with the Web3 Foundation and Parity, let’s talk about the progress of the parachain together, scan the QR code to sign up for free 👇