WingRiders, a British Virgin Island-based Cardano decentralized exchange (“DEX”), raised an undisclosed amount in seed funding.
Backers included Animoca Brands, Matrixport, Spark Digital Capital, Double Peak, and Bitrue.
The company intends to use the funds to expand operations and its development efforts.
WingRiders is building an infrastructure with a decentralized exchange platform operating on the Cardano blockchain supporting the majority of wallets with integrations reaching from light to full (as example Nu.fi). Their platform allows users and other dApps to access, to exchange tokens as well as to provide liquidity and staking.
WingRiders emerged from “stealth mode” in December 2021 with a fully working prototype deployed on the Cardano testnet. The company, has developed rapidly, and its deployment to the Cardano mainnet is imminent.