Nested began as a Bitcoin wallet in 2013 and has since expanded to become the leading provider of blockchain-powered security for users, businesses, and financial institutions. The company raised $7.5 million in Series A funding round led by Fenbushi Capital which will be used to develop new products that support more people with crypto assets.,
Nested Raises $7.5 Million In Series A Funding Round To Enhance Its Products is a company that has recently raised $7.5 million in series A funding round to enhance its products and services. The company’s main product is a blockchain-based platform for the creation of smart contracts.
Nested, a decentralized finance (DeFi) social trading platform, has closed a $7.5 million Series A fundraising round. Alan Howard, a well-known digital asset investor, led the funding round.
CMT Capital, Republic Capital, and Kenetic Capital are among the other investors in the round. Other investors, including women who are co-partners in the idea, have helped Nested raise funds. Julien Boutelop, the creator of StakeDAO, and Lily Liu, the co-founder of Earn.com, both participated in the financing round.
New and experienced cryptocurrency users will benefit from the platform.
Users may simply establish token portfolios on the Nested platform, which also allows them to add, sell, and exchange tokens while keeping track of their performance.
Furthermore, since they are minted as NFTs, nested portfolios are readily discoverable on the platform (NestedNFTs). It gives authors the option of sending them as a gift or sharing them with their audience.
Users may examine portfolios, profiles, and mimic crypto trading methods using Nested. The platform allows folks who are new to crypto and DeFi to learn more quickly. The platform is beneficial for experienced crypto users as well as newbie traders. It allows them to share their expertise and portfolios while also rewarding them with royalties when a user copies their portfolio or approach.
Avalanche, Binance Smart Chain, and Polygon launch Nested.
Rudy Kadoch, the company’s founder, claimed that the company’s mission is to combine cryptocurrencies, NFTs, decentralized finance, and conventional finance to create a unique and powerful financial solution. The Nested portfolio is a repeatable, tradable, and shareable portfolio that allows individuals to monetise their value in the industry by sharing their experiences.
It provides a user-friendly trading experience, facilitating financial networking and democratizing DeFi access.
In addition to Avalanche, Binance Smart Chain, and Polygon, Nested has debuted on Avalanche, Binance Smart Chain, and Polygon in an effort to grow and provide social trading to all networks.
The funds received from the round will be used to assure future product advancements and to grow Nested’s staff of Web3 technology experts, according to the company. Different social-oriented features, decentralized limit orders, staking, and portfolio leaderboards will be among the product additions.
