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Writer's pictureMark S

Multipool $650,000 Funding Round and Gears Up for Fjord Foundry LBP

May 15, 2024


Multipool, a blockchain and cryptocurrency DEX, has successfully closed a $650,000 venture capital investment round led by NxGen.


This funding round was lead by NxGen and a collective of private investors and advisors. With this influx of capital from VC and private investors, Multipool is poised to take its decentralized exchange (DEX) with centralized exchange (CEX) appeal to unprecedented heights, revolutionizing the crypto and trading landscape.

Project

Latest Raise

Latest Raise

Stage

Total Raise

Lead Investor

Category

Multipool

May 15, 2024

$650K

Seed

$650K

 NxGen Capital

DeFi

Fjord Foundry LBP

Multipool also announced its Liquidity Bootstrapping Pool (LBP) on the Fjord Foundry platform, scheduled to take place from May 21st to 23rd, 2024. This event will attract crypto enthusiasts interested in crypto technology and decentralized finance (DeFi).


Strategic Collaboration with Industry Professionals

Multipool has teamed up with industry professionals, including NxGen. This strategic collaboration brings together a wealth of expertise in regulatory compliance, cutting-edge technological development, and widespread community-building efforts. With their guidance, Multipool is well-equipped to navigate the complexities of the crypto space while ensuring adherence to industry standards and delivering a good experience for users.


Engaging the Crypto Community and Forging New Opportunities

Over the past month, Multipool has successfully united some of the most influential players in the crypto investment scene, forging connections with the next major opportunity in the rapidly evolving world of Web3 and blockchain technology. The positive reception from the community has further fueled the enthusiasm surrounding Multipool's innovative vision to deliver a user-friendly platform for trading cryptocurrencies, real-world assets (RWAs), and digital assets.


About Multipool

Multipool is a cryptocurrency mining pool that allows miners to mine multiple cryptocurrencies simultaneously, using the same mining equipment. It is a type of pool mining, where multiple miners combine their resources to increase their chances of solving complex mathematical problems and earning block rewards.

Website:

X Account:

@multipoolfi

X Followers today:

14.8K

X Followers 30 days ago:

11.8K

X Follower change:

3K (+ 25.42 %)

 

About Investor

Investor:

NxGen Capital

Description:

Founded in 2021, NxGen Capital has made 34 investments to date. The latest investment, announced on May 15, 2024, is in Multipool. According to the CoinCarp fundraising database, NxGen Capital's portfolio includes investments in 5 DeFi projects, 2 NFT projects, 2 Web3 projects, 1 infrastructure project, and 1 other project. Notably, 45.45% of NxGen Capital's investments are in the DeFi sector.

Location:

Whitefish, Montana, United States

Website:

LinkedIn:

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

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