Gelato raises $11M from heavyweight backers for Web 3 automation
Gelato aims to simply DeFi by automating smart contract operations and helping users rebalance their portfolios. Smart contract automation network Gelato has become the latest to receive big backing from crypto venture capital giants.Gelato has raised $11 million in a Series A funding round led by Dragonfly Capital and with participation from ParaFi Capital, Nascent, IDEO CoLab Ventures, and Aave founder Stani Kulechov.The funds were raised through a closed-door token sale and will go toward onboarding more blockchains to the network and increasing its staff from the current team of....
Related News
The partnership enables Zerion’s retail users to provide liquidity without the fear of volatility. Gelato Network, a protocol that automates smart contract executions on Ethereum (ETH), has integrated with DeFi aggregator Zerion to help users better manage liquidity when interacting with decentralized exchanges like Uniswap. The partnership enables Zerion’s over 200,000 monthly active users to have their Uniswap v3 positions managed automatically, Gelato Network announced Tuesday. “With this integration, Zerion has become the go-to DeFi aggregator to natively offer fungible Uniswap v3 LP....
“After doing a lot of research on Bitcoin, I really believe it is the future of money, man. Bitcoin is valuable, secure, and no one can mess with it,” said UFC heavyweight champion Francis Ngannou. UFC heavyweight title holder Francis Ngannou has announced he will take half of his UFC 270 prize purse in Bitcoin (BTC) via Cash App.The French-Cameroonian MMA fighter will take on the undefeated Ciryl Gane on Jan. 23 and is set to earn a guaranteed $750,000. In a tweet published on Jan. 18, Ngannou noted that:"After doing a lot of research on Bitcoin, I really believe it is the future of....
PRESS RELEASE. LAS VEGAS & ULAANBAATAR – On Saturday 9 October, Deontay “The Bronze Bomber” Wilder will be defending the United States’ honor once more. Known for being the first American World Heavyweight Champion since 2004, which was the longest period of time in boxing history without an American Heavyweight Champion, Wilder will rise to the occasion once more. When he steps into the ring at the T-Mobile Arena in Las Vegas to take on the WBC World Heavyweight Champion, Tyson Fury, Wilder will be fighting for the outsider – and a group of rebel....
Automation is the order of the day. The presence of automated processes is evident in every aspect of building a product or service from scratch. Its significance is heavily felt in manufacturing, quality checks, and even increasing the efficiency and efficacy of sales and marketing. According to market estimates, the automation industry is generating around […]
The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people everywhere.”
‘Bitcoin Is the Future and I’m a Believer’ — Mixed Martial Arts Champ Francis Ngannou to Take Half of His Purse in Bitcoin
On January 18, 2022, the Ultimate Fighting Championship (UFC) Heavyweight Champion Francis Ngannou explained that the....