Pandora
press release

PRESS RELEASE. Pandora Finance (https://pandora.finance/) announced that they have successfully closed their $2.4m seed round. The Pandora team received pledges from some of the most visible investors within the crypto space, and closed the round oversubscribed by manifolds.

Overview of strategic investors

The funding round concluded with Pandora selecting some of the most well respected investors within the crypto space. Pandora’s strategic investors include Genesis Block, Spark Digital Assets, AU21, x21, NGC, Zokyo Ventures, Exnetwork, A195, Protocol Ventures, Genblock, Magnus Capital, Chain Asset Capital, Amesten, Crypto Dorm Fund and Master Ventures and accredited individual investors like Danish Chaudhari (Bitcoin.com Exchange) and others.

“GBV has been following the NFT developments closely. In Pandora, we find a unique and innovative solution to bring liquidity to the NFT ecosystem. This represents a major breakthrough in the potential use cases for NFTs!â€

— Leslie Tam, Genesis Block Ventures Co-Founder and Partner.

“We are excited to partner with Pandora as they create greater interoperability and liquidity for traditionally illiquid assets, and introduce new exposure opportunities onto the blockchain. Pandora’s clever integration of NFT technology, comprehensive suite of product offerings, and their stellar team position them favorably to succeed in their mission to bridge the divide between digital and physical assets.â€

— AU21 (https://au21.capital/)

Overview

Pandora Protocol is a hybrid Open Finance solution for problems faced by both traditional finance, and decentralised finance. By creating a bridge between real-world and on-chain assets, this protocol allows for the tokenization of illiquid assets – meaning they can be found, traded and owned in a secure, decentralized way.

NFTs have been increasingly popular over the last 12 months; however, the lack of liquidity has been a growing concern for many. Pandora’s middleware solution induces liquidity in the NFT ecosystem for any NFT platform; this can come in the form of tokenized real-world assets, through to digital asset NFT’s. Pandora offers significant advantages over other marketplace enablement technologies because instead of competing with other NFT platforms for liquidity, they are helping other platforms grow just by inducing liquidity into them.

It is this technology which sits at the heart of Pandora protocol’s future value. Imagine being able to have a marketplace where both digitally native and real-world assets could find liquidity, accurate pricing while also continually being updated with relevant on-chain data. This would add significant utility and purpose to the NFT space, and allow them to be swapped, traded or borrowed.

What is coming up next for Pandora

Not content with opening up marketplace liquidity to real-world assets, Pandora is currently working on a unique new standard they are naming PiNFT. This hybrid standard, which has the functionality of both fungible and non-fungible tokens, works by wrapping NFTs around something with intrinsic value; such as DAI. This can then be traded on Uniswap, Maker and AAVE – effectively enabling NFT cross-chain trade on a huge number of platforms.

Looking ahead to the remainder of 2021, the Pandora team will be continuing to improve the product and establish even more partnerships to grow the protocol’s effective reach. In the meantime, the team behind Pandora is gearing up for their IDO (Initial DEX Offering).

“We at Pandora are envisioned with bridging the gap between on-chain and real-world assets via NFTs. Our team with driven forces is all geared up to revolutionise the NFT ecosystem by maximising its potential and bringing liquidity to the world of latent illiquid assetsâ€.

– Pushkar Vohra, Founder & CEO – Pandora Finance

About Pandora

Pandora creates a bridge between on-chain and real-world assets to form an open finance ecosystem. This protocol allows for the tokenization of illiquid assets, meaning they can be found, traded, borrowed and owned in a secure, decentralized way. Pandora provides both a middleware solution for minting liquidity enabled NFTs, alongside offering Dapp developers the ability to leverage Pandora to provide liquidity to their own users’ NFTs.

Website: http://www.pandora.finance/

Twitter: https://twitter.com/PandoraProtocol

Medium: https://medium.com/pandoraprotocol

LinkedIn: https://linkedin.com/company/pandoraprotocol

Telegram Official Group: https://t.me/PandoraProtocol


Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Concordium Debuts its Business-Oriented Blockchain Mainnet

After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology […]

Xem chi tiết: Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

On the heels of the SpaceX announcement that the company accepted dogecoin as payment, an apparel store on Brooklyn’s colorful Flatbush Avenue took the jump as well into the deep, cold Doge waters. Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall Crypto adoption has been widely and thoroughly discussed in the media and on […]

Xem chi tiết: Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions†as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ […]

Xem chi tiết: Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

Xem chi tiết: South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

Denmark to Revise Tax Law to Target Cryptocurrencies

The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax Law to Deal With Cryptocurrency Denmark is considering revamping its tax code in […]

Xem chi tiết: Denmark to Revise Tax Law to Target Cryptocurrencies

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market […]

Xem chi tiết: $160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,†said Coinbase. Coinbase Sees Interest From Institutional Investors Skyrocketing Cryptocurrency exchange Coinbase (Nasdaq: COIN) reportedly […]

Xem chi tiết: Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad

Uganda Museum Collaborates With Software Development Firm to Create NFTs for Display on Binance Marketplace

Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration