- XY Finance recently announced it raised $12 million. These are the details.
XY Finance — a rapidly growing blockchain company — announced that it has raised a $12 million funding round led by investors including Circle Internet Financial, Infinity Ventures Crypto, Mechanism Capital, TRON Foundation, Morningstar Ventures, Yield Guild Games Ventures, Block Capital, and Animoca Brands. The full consortium includes more than forty investment firms.
This funding round also comes as XY Finance is about to conduct its Initial DEX Offering (IDO) on December 9.
Through a collaboration with YGG and Animoca Brands, XY Finance will introduce various GameFi experiences to the XY Finance ecosystem and fulfill the cross-chain demand of the in-game assets and play-to-earn business model.
“XY Finance is excited to acquire significant support from our investors. In the near future, the cross-chain mechanism will be a game-changer of the DeFi ecosystem and GameFi market. Including cross-chain transactions, GameFi, and NFT, what we’re doing will become essential for advanced DeFi users; therefore, we are eyeing more than $1 trillion transaction growth in 2022.”
— XY founder Wilson Huang