Layerpixel, a TON-Based DeFi Solution, Secures $2 Million in Seed Funding

IconCryptoNewsTerminal Staff26 Jul, 2024

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Layerpixel, a TON-Based DeFi Solution, Secures $2 Million in Seed Funding

Layerpixel Secures $2 Million Seed Funding to Enhance DeFi on Telegram Open Network Layerpixel, a company building a suite of DeFi products and services on the Telegram Open Network (TON), has successfully secured $2 million in seed funding. The funding round was led by Kinetic Capital, with participation from a number of other notable investors such as Foresight Ventures, Waterdrip Capital, and Web3Port Foundation. Layerpixel's mission is to bring innovative and user-friendly DeFi solutions to the vast community of TON users. The company's products aim to simplify and enhance the experience of accessing and managing DeFi services, making them more accessible to a wider audience. The seed funding will allow Layerpixel to accelerate the development of its platform and expand its team of experts. The company's long-term vision is to create a comprehensive DeFi ecosystem on TON, offering a broad range of services such as lending, borrowing, trading, and more. Layerpixel's CEO, [Founder Name], expressed his excitement about the funding and the company's plans for the future: "We believe that TON has the potential to become a major player in the DeFi space. Our goal is to leverage TON's unique advantages to create a DeFi ecosystem that is accessible, secure, and user-friendly for everyone." The successful seed funding round is a testament to the growing interest in DeFi on TON. Layerpixel's innovative approach and experienced team position the company well to become a leading provider of DeFi solutions in this rapidly evolving market.