PiLab Technology, Inc., a Seoul, South Korea-based blockchain technology company that has developed the multichain middleware platform, BIFROST, will launch a $57m Eco-Fund to expand its BIFROST ecosystem.
The fund will be granted to projects contributing to the Metaverse and Web3-based developments, such as non-fungible tokens (NFT) and decentralized finance (DeFi) to bring forth promising blockchain projects and DApps into the BIFROST ecosystem.
The company has confirmed the fund to:
- Delta Finance, a DeFi co-developed by Coinplug, a blockchain development firm, and
- Blockwater Technologies, a crypto investment firm.
Co-founded by Dohyun Pak, CEO, Jonghyup Lee, CTO, and Changhyun Yoo, COO, in 2017, PiLab Technology is a blockchain-based technology company that has developed multiple multichain services, including BIFROST and BiFi. The company has recently raised a $8.4m Series A led by Korea Investment Partners, STIC Ventures, and Yuanta Investment Co., Ltd.
FinSMEs
28/03/2022