Waggle Network Successfully Raises $3 Million Seed Round to Build Multi-Chain Marketplace for Strategic Token Sales

Waggle Network, a cross-chain protocol that unlocks liquidity for post-IDO tokens, has announced a $3 million seed raise by leading investors including (but not limited to) GBV, SVC, Genesis Block Capital, Basics Capital, Bixin Ventures, NGC, AU21, Gate.io labs, MEXC, HG Ventures and Spark Digital. Waggle has also announced the addition of strategic partners such as Solanium, Occam, and Poolz.finance to help foster the company’s multichain approach, as well as media partners Minted Labs, ODaily, CrryptoTimes, Bitcoin Addict, and Bigcoin Vietnam. With each investor and partner, Waggle unlocks the potential to tap into thousands of portfolio projects and deep industry expertise from top Web3 investors and builders. Waggle’s founding team brings heavy experience in DeFi along with the first-hand experience with some of the major pain points that inspired Waggle’s creation. Conventionally, projects have limited alternatives to raise funds after their IDO. Most projects will raise funds via OTC deals with institutional partners, which sometimes present them with less-than-favorable sales terms due to the illiquidity of such deals. Waggle saw these pain points and noticed the fervor of the communities of these projects. Waggle was therefore born to bridge this market inefficiency and facilitate fundraising through the project’s very own community. Not only is Waggle unlocking liquidity for projects to further their innovation,...