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Web327 Aug 2024 9:37

V3V Ventures Invests in CrossCurve by EYWA to Boost DeFi Capabilities

by Chan-yeol Lee
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CrossCurve by EYWA, a decentralized finance (DeFi) protocol based in Tortola, British Virgin Islands, has secured seed funding from V3V Ventures, a Singapore-based venture capital firm. The amount of the investment was not disclosed. The funds will be used to expand CrossCurve’s DeFi services, aiming to enhance user experience and extend its market reach.

CrossCurve by EYWA is a decentralized finance (DeFi) protocol providing sophisticated financial services, including decentralized exchanges, lending, and staking. The platform focuses on delivering high liquidity and secure transactions, allowing users to effectively manage their digital assets.

V3V Ventures’ investment strategy supports innovative technologies. Serge Przhevalsky, a partner at V3V Ventures, noted that these investments align with the firm’s goal of accelerating its portfolio companies. He emphasized that V3V Ventures plans to use its network and advertising resources to promote CrossCurve and other funded projects to encourage increased investment activity in the near future.

He stated, “These new investments continue to drive our fund forward. We see great potential in both companies and are dedicated to assisting them through our network and advertising resources. We plan to increase the pace and scale of our investments as more promising projects align with us by year-end.”

CrossCurve by EYWA is advancing in the DeFi sector with its comprehensive range of financial services, including decentralized exchanges, lending, and staking. The protocol prioritizes security and liquidity to enhance user experiences and broaden its market reach. This latest investment will support CrossCurve in expanding its service offerings and solidifying its position in the DeFi space.

V3V Ventures, based in Singapore, is focused on investing in groundbreaking Web3 and crypto projects and other disruptive business models. The firm aims to help startups achieve their growth goals through strategic investments and guidance, fostering innovation in technology-driven sectors.

V3V Ventures, renowned for its targeted investments in technology, has also backed U2U Network in this seed round. U2U Network employs the Helios consensus algorithm to handle up to 72,000 transactions per second with minimal latency. Its compatibility with the Ethereum Virtual Machine (EVM) allows for seamless integration of decentralized applications (dApps), while its Subnet technology provides decentralized solutions for IoT, digital identity, and micro-payments. These investments align with V3V Ventures’ strategy to drive technological advancements and industry transformation.


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