INFINIT Raises $6M in Funding Round From Venture Capitals

INFINIT abstracts away the complex process of launching and scaling decentralised finance protocols on the blockchain.

DeFi abstraction layer, INFINIT, has successfully raised $6M in funding round from prominent venture capitals (VC). The funds will be allocated to advance product development, facilitating a seamless DeFi protocol development experience for builders.

By providing end-to-end DeFi infrastructure support, INFINIT enables anyone to launch and scale DeFi protocols in minutes. Its modular approach to provide customisable building blocks, enable developers to easily plug-and-play different components to build a new protocol or add new functionalities to existing protocol. This allows DeFi protocols to quickly launch and scale in a timely manner and go-to-market faster with fuller functionalities without the need to start development from scratch. 

INFINIT ultimately aims to be the go-to hub for DeFi developers to launch and scale DeFi protocols, access deeper liquidity, and expand distribution channels to end customers. The first product release and the reward system for the INFINIT community are expected to be announced in the coming weeks.

“To advance DeFi innovation, the industry needs a robust infrastructure that simplifies the creation of DeFi protocols to onboards more builders to Web 3.0, and ensures secure and scalable adoption of these technologies,” said Tascha Punyaneramitdee, Founder of INFINIT. “INFINIT addresses these needs by breaking down the knowledge barrier with its advanced tech stack, paving the way for new innovations and driving growth.”

“INFINIT’s deep experience in building DeFi solutions makes them a key player in shaping the future of the DeFi ecosystem. Their success in facilitating over $630M TVL across dApps and chains, demonstrates both their capability and commitment. We are proud to support this talented team as they continue to bring new innovations to the space,” shared Ken Deeter, General Partner at Electric Capital. 

Stay updated on the crypto space by following our socials below! 👇

• Twitter
• Instagram
• Telegram
• LinkedIn
• TikTok
• Medium
• Mastodon

Like our content? 

Support us through the Ko-fi button on the bottom left corner, or via our affiliate links below.