A world-class decentralized financial platform like FWX, the developer of a platform to buy crypto derivatives products or Decentralized Derivatives Platform under the name FWX Finance Received investment from Blizzard the Avalanche Fund to help launch the protocol on FWX Finance in the second quarter of 2023.
Chanon Charasutthikul Co-Founder and CEO of FWX said
“We are delighted that FWX is receiving investment support from Blizzard, a fund from Avalanche. This investment will help our FWX team increase their competitiveness. It helps grow the ecosystem of the platform and innovate the process to fully solve new problems that the industry is facing. We are excited to be a part of the Avalanche ecosystem, and we plan to leverage Avalanche’s fast transaction speeds to further expand our capabilities and provide the best experience for our users. We look forward to working with Blizzard and other partners. to unlock the potential of the Avalanche platform and bring FWX to users around the world.”
Kasper Jao from Blizzard said:
“The FWX protocol will provide an opportunity to expand user access to DeFi, especially with the Southeast Asian market likely to see an increase in adoption from the region.”
This event is another interesting move for FWX, because after the rebranding a few months ago. This time, it received funding from one of the most famous funds in the crypto world, Blizzard. For those who are into DeFi, you should be alerted to this news. It is considered an important step for a Thai platform that will continue to move forward.
About Blizzard
Blizzard Fund (Avalanche) is a $200 million fund managed by AVA Labs focused on growing the Avalanche ecosystem and other blockchain projects with a focus on building secure applications. efficient The Blizzard Fund invests in DeFi, NFTs, games, and structured blockchain projects. To extend the Blockchain system to be able to deliver valuable things to the daily lives of users around the world.
About FWX
FWX Decentralized Finance (DeFi) operates under a decentralized derivatives trading protocol known as Automated Position Hedger (APH), which pairs short and long positions together and has no order limits and no limits. Market Maker is required. It works in conjunction with Lending/Borrowing Pool to generate reasonable returns from real usage in the system. for the goal of creating and developing a sustainable DeFi ecosystem