SphereX launches first funding round with Fundamental Labs as anchor investor

SphereX, a pioneer in the decentralized exchange (DEX) space, proudly announces its official commencement of operations with a grand launch expected in March 2024. Representing a groundbreaking leap forward in the world of digital asset trading, SphereX creates an enabling environment by introducing a more secure and transparent platform designed for global accessibility and community advocacy.

As the digital ecosystem undergoes dynamic changes, SphereX has emerged as a beacon of innovation in the decentralized exchange sector. The platform is built on powerful blockchain technology and smart contract solutions to ensure a seamless trading experience while giving users complete control over their assets. SphereX’s commitment to security, transparency, and user-centric design positions SphereX as a key player in the future of decentralized transactions.

In conjunction with the larger launch, SphereX is pleased to announce the launch of a $30 million seed round with significant attention from early lead investor Fundamental Labs. Fundamental Labs, a prominent player in blockchain and cryptocurrency investing, recognizes SphereX’s transformative potential to reshape the dynamics of the DeFi landscape.

“We are thrilled to lead the investment round with SphereX and support their mission to create a decentralized exchange that prioritizes security, transparency, and innovation,” said Henry Love, Managing Partner at Fundamental Labs. “SphereX’s vision is perfectly aligned with our commitment to: Accelerate the advancement of blockchain technology. We are confident that our investment will take SphereX to new heights in the evolving world of decentralized finance.”

“The upcoming grand launch of SphereX is an important milestone, and we are honored to have Fundamental Labs on board as a lead investor,” said Kaimin Hu, CEO of SphereX. “Their strategic insight and extensive experience in the blockchain space make them an ideal partner. Launching as Blast’s first DEX, we are excited about the opportunities this collaboration opens up for SphereX and the broader decentralized finance community. .”

SphereX invites investors, blockchain enthusiasts, and strategic partners to join us in shaping the future of decentralized finance. To explore investment opportunities and learn more about SphereX, visit the SphereX website. Follow SphereX for updates, news and promotions. X And Telegram.

About SphereX:
SphereX is a decentralized cryptocurrency exchange designed to provide users with a more secure, efficient and user-friendly platform for trading digital assets. SphereX boasts a unique combination of features, including off-chain matching for ultra-fast trade execution, on-chain settlement for enhanced security, and cross-margin trading for optimized capital utilization. To learn more about SphereX, visit the SphereX website. Follow SphereX on X and Telegram for updates, news and promotions.

Basic Lab Introduction:
Fundamental Labs is a leading blockchain and cryptocurrency investment firm dedicated to supporting and investing in innovative projects shaping the future of decentralized finance. With a track record of successful investments (e.g. Coinbase, Binance, Polkdot, etc.), Fundamental Labs is committed to fostering the growth and adoption of blockchain technology.