The world of traditional and decentralised finance continues to converge, with large financial institutions continually exploring further DeFi integration, and VCs doubling down on web3 investments in the space.
Despite the current squalls in the general market, large investors and companies remain undeterred when it comes backing upcoming protocols that will serve to change the way finance is done forever.
This is clearly the case for the upcoming launch of Onomy Protocol, who just announced a $10 million raise ahead of the protocol going live.
The round saw participation from leading venture funds, market makers, validators and angels in Web3. BitFinex, FSE, UDHC, Avalanche Foundation, CMS Holdings, Galileo, Arcanum, Kyros, Cosmostation, Citadel.One, Forbole, X-Chain Alliance and GD10 all participated.
The $10 million raise indicates enormous excitement about the change Onomy is planning to bring to the space. The raise announcement…
