Blockchain platform to issue social money raises $10m
Ethereum platform Roll has closed a $10m Series A funding round, led by venture capital firm IOSG Ventures.
Ethereum platform Roll has closed a $10m Series A funding round, led by venture capital firm IOSG Ventures.
https://twitter.com/tryrollhq/status/1442856729675448328
Blockchain game provider Animoca Brands, infrastructure platform Alchemy, Huobi Ventures, Weekend Fund, Audacity and Mischief Fund also participated in the round.
The platform was previously backed by Galaxy Interactive, Hustle Fund, Gary Vaynerchuk, Ryan Selkis and others. Including the new round, the total investment amounted to $12.7 million.
The funds raised will be used by the team to expand its staff and technical capabilities.
Roll allows any user to issue their own branded tokens on the Ethereum blockchain. These can be used to monetise activity within their community. The platform calls such coins 'social money'.
According to the team, Roll supports more than 350 token creators. It has a daily trading volume of $2 million and an annual trading volume of $680 million.
Recall that in March 2021, Roll's blockchain platform was attacked. An unknown person received almost 3,000 ETH (~$5.7 million at the time), some of which was sent to a Tornado Cash mixer.
I have collected the best-rated crypto exchanges that were approved as the safest platforms. Fees when buying and selling which cryptocurrency. Buy cryptocurrencies: Paypal also possible with altcoins? Trading Bots, Technical Analysis - Assumptions, Terms & Methods Explained.