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The team behind DeFi social trading platform Nested closed a Series A funding round led by billionaire Alan Howard’s Brevan Howard.
Investments were also provided by CMT Digital, Kenetic Capital, Republic Capital and others.
Funding will be used to expand the number of supported blockchains and platform functionality.
Nested allows users to showcase NFT portfolios on social media or send them as gifts or rewards.
Support for Avalanche, BNB Chain or Polygon is provided. The platform receives income from each NFT created.
After the token is minted, the smart contract adds new transactions in real time. This eliminates the need to issue a new NFT reflecting subsequent trades. Portfolio liquidity is provided by the 0x decentralized exchange.
When users create an account, they have the option to copy an existing NFT on the marketplace – replicate its trades in progress – or start from scratch. Traders receive a royalty payment each time their portfolio is copied.
“Our goal is to combine TradFi, DeFi, NFT and cryptocurrencies in a single portfolio. Its replication, management and monetization are available to both advanced and novice investors. […] We aim to democratize access to DeFi and facilitate financial opportunity for everyone.”, — said Rudy Kadoch, founder of Nested Finance.
Recall that Elwood Technologies, owned by billionaire Alan Howard, agreed with Bloomberg on the “strategic integration” of the crypto platform into the information agency’s order management system.
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