PiLab Technology Raises $57M Eco-Fund
PiLab Expertise, Inc., a Seoul, South Korea-based blockchain know-how firm that has developed the multichain middleware platform, BIFROST, will launch a $57m Eco-Fund to increase its BIFROST ecosystem.
The fund will likely be granted to initiatives contributing to the Metaverse and Web3-based developments, resembling non-fungible tokens (NFT) and decentralized finance (DeFi) to convey forth promising blockchain initiatives and DApps into the BIFROST ecosystem.
The corporate has confirmed the fund to:
- Delta Finance, a DeFi co-developed by Coinplug, a blockchain growth agency, and
- Blockwater Applied sciences, a crypto funding agency.
Co-founded by Dohyun Pak, CEO, Jonghyup Lee, CTO, and Changhyun Yoo, COO, in 2017, PiLab Expertise is a blockchain-based know-how firm that has developed a number of multichain providers, together with BIFROST and BiFi. The corporate has just lately raised a $8.4m Sequence A led by Korea Funding Companions, STIC Ventures, and Yuanta Funding Co., Ltd.