$2.2 Million Raised by Alium Finance during Private Round

$2.2 Million Raised by Alium Finance during Private Round

Crypto News News
April 3, 2021 by Elias Powell
21
As per reports from the previous week, the Alium Finance platform has made a huge announcement for its followers. The platform has announced that it has successfully closed the private sales round. The firm revealed that from the round, it has managed to generate $2.2 million and it did it in a matter of 48-hours.

As per reports from the previous week, the Alium Finance platform has made a huge announcement for its followers. The platform has announced that it has successfully closed the private sales round. The firm revealed that from the round, it has managed to generate $2.2 million and it did it in a matter of 48-hours.

Alium Finance has confirmed that it received the funds from firms that are prominent and leading in the cryptocurrency industry. The announcement around the successful private round was made by Alium Finance back on March 27, 2021.

Alium Finance has confirmed that there were 16 major investors who were part of the private round. Some of the major investors in the round included BlockUnify, Consensus Labs, Exnetwork Capital, Jun Capital, Cryptomeria Capital, and others.

It was just recently that Alium Finance had revealed that it had launched an exchange based on multi-blockchain. Furthermore, the platform also announced the launch of a non-fungible token (NFT) marketplace.

Alium Finance also confirmed that the non-fungible token (NFT) platform is essential for multiple blockchains’ incorporation. Alium Finance’s NFT platform is essential for creating bridges between blockchain. The NFT platform backed by Alium Finance provides cross-play functionality for the non-fungible tokens (NFTs), which would be in place for games based on the blockchain protocols.

When Alium Finance was launched, the very first product its ecosystem offered was the AliumSwap exchange. The exchange introduced by AliumSwap was based on the Binance Smart Chain blockchain.

As per reports, Alium Finance is in the process of incorporating/connecting other blockchains. It has been announced by Alium Finance that it will be connecting its services with the Heco blockchain. According to reports, the process of the connection between Alium Finance and the Heco blockchain will be carried out by the end of April 2021.

Just to be clearer, Heco blockchain is not the only collaboration that has been hinted at by Alium Finance. The platform is aiming to collaborate with several other blockchain networks. Some of the major connections that it will be making would be with layer-two solutions. One of the major examples of a platform offering layer-two solutions is Matic.

The firm has announced that with the help of the new platform, Alium Finance aims to bring in more traffic to the platform. In order to achieve the goal, the platform has to offer the best technological solutions and advancements to the users.

However, at present, the platform is focusing more on non-fungible token (NFT) service and its benefits, as the NFT industry is turning out to be one of the top products ever produced.

The non-fungible token (NFT) has been gaining a lot of adoption in recent months and this is just the beginning.