Serum is raising $100 million and plans to expand NFT, Metaverse and other businesses

Time:2022-01-07 Source: 891 views NFT Copy share

On January 7th, the team behind Serum, a decentralized exchange based on Solana, is raising $100 million to expand its business.

The Incentive Ecosystem Foundation is raising funds to hire employees and enter new product verticals, including “NFTs, games, metaverses, and DAO tools.” So far, Commonwealth Asset Management LP, Tagus, Tiger Global and executives from Golden Tree Asset Management have participated. Serum core contributor JHL revealed that it has received about $70 million in investment commitments so far.

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