frictionless

ChainCatcher news, according to market sources, the super application and execution layer Panora in the Aptos ecosystem has recently completed a new round of financing.This round of financing was led by Frictionless Capital, with participation from Avery Ching, co-founder and CEO of Aptos Labs, and Greg Nazario, head of developer relations and early engineer.Panora is committed to providing efficient and reliable trading infrastructure for the Aptos ecosystem, covering functions such as DEX aggregation, cross-chain bridging, limit orders, DCA strategies, and developer tools, offering a better experience for developers and traders.Aptos will continue to work closely with Panora to support its technological development and jointly promote further improvements in performance and scalability within the Aptos ecosystem.

ChainCatcher news, Frictionless Capital announced that its Frictionless Fund I has raised $20 million to invest in high-performance blockchains and category-defining applications.Frictionless Fund I has received support from several global institutions, including Franklin Templeton and Foundation Capital, as well as funds like Hutt Capital, Avalon Capital, and Pure Crypto. It has also garnered support from A16z's Marc Andreessen and Chris Dixon, Invesco's Kelvin Liu, and general partners from well-known cryptocurrency funds such as Multicoin, Framework, Coinfund, Big Brain Holdings, and AllianceDAO. Additionally, it has received backing from multiple cryptocurrency founders, including Raj Gokal and Anatoly Yakovenko of Solana, Sergey Gorbunov and Georgios Vlachos of Axelar, Mo Shaikh and Avery Ching of Aptos, and Kevin Sekniqi of Avalanche. Other notable angel investors include Santiago Santos and Spencer Noon. The fund has made several investments over the past year, such as Backpack, DFlow, Andrena, and Kuzco.