DUBAI, United Arab Emirates, March 26, 2021 /PRNewswire/ — International cryptocurrency funding fund FD7 Ventures introduced as we speak 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 resolution with transaction charges which can be decrease than another 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 Companion, 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.
Identified for his excessive work ethic, together with sleeping at his workplace to get extra achieved, Sam constructed FTX into the sixth largest crypto alternate by quantity just some years after graduating from MIT. Now, he has acknowledged that his focus is to work in direction of higher adoption of Solana and to develop the Serum ecosystem, targets 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 unimaginable philanthropist, Sam is somebody who will get issues achieved. He has outlined an incredible roadmap to make Serum the quickest and most cost-effective DEX on the market. Not just a bit bit quicker or extra reasonably priced, however exponentially so,” stated Chand. “So as to attain true scalability the place 1B individuals are transacting in DeFi and crypto, the aim is to be one million instances quicker than Ethereum. From what I’ve seen, I imagine Sam and his workforce have the assets to get it achieved.”
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 tasks and manages cryptocurrency belongings for high-net-worth buyers. 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 Night time
Solana x Serum Defi Night time in Shanghai China
SOURCE FD7 Ventures Ltd.