ParaSpace and Parallel Finance announced their merger and brand upgrade to ParaX

ChainCatcher news, the NFT lending protocol ParaSpace is merging with the Polkadot ecosystem DeFi protocol Parallel Finance and will rebrand as ParaX, becoming a Web3 super application powered by account abstraction and zkVM. The goal is to provide users with the ParaX ecosystem covering account abstraction, meta user interfaces, zkVM, etc., allowing users to manage their multi-chain assets and identities more conveniently.