ParaX announced a strategic investment from Metalpha

ChainCatcher news, ParaX announced a strategic investment from the digital asset management company Metalpha. In April this year, Bloomberg reported that Hong Kong-based digital asset management service provider Metalpha plans to raise a $100 million fund to provide a regulated participation channel for Chinese crypto investors.

According to ChainCatcher previous report, in August this year, 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 supported by account abstraction and zkVM.