FWX continues to raise funds non-stop. Recently, they received investment from Blizzard's main fund through Avalanche.
FWX continues to raise funds non-stop. Recently, they received investment from Blizzard's main fund through Avalanche.
Financial platform FWX, the developer of Decentralized Derivatives Platform for purchasing cryptocurrency derivatives, has received investment from Avalanche Fund Blizzard to launch its protocol on FWX Finance in the second quarter of 2023.
FWX Co-Founder and CEO, Channarong Jirasutthikul, said "We are delighted that FWX has received investment from Avalanche Fund Blizzard, which will help our team increase competitiveness, assist in the growth of the platform ecosystem, and innovate new problem-solving processes for the industry. We are excited to be part of the Avalanche ecosystem, and we plan to take advantage of the fast transaction processing of Avalanche to expand our capabilities and provide the best experience to users worldwide. We look forward to collaborating with Blizzard and other partners to unlock the potential of the Avalanche platform and bring FWX to users worldwide."
Kasper Jao from Blizzard said, "FWX's protocol will create opportunities to expand user access to DeFi, particularly in the Southeast Asian market, where the trend of users is increasing."
This investment is another noteworthy milestone for FWX, after rebranding a few months ago. The investment from a well-known cryptocurrency fund like Blizzard is a positive sign for DeFi enthusiasts.