- Fragmetric completes $5M funding led by RockawayX.
- Total financing reaches $12,000,000.00 USD.
- Focus on expanding innovative re-staking solutions.
Fragmetric, a re-staking protocol within the Solana ecosystem, secured a $5 million funding round led by RockawayX on March 24. Prominent investors included Robot Ventures and BitGo.
The funding accelerates Solana’s influence, emphasizing dedicated capital for infrastructure. This shift underscores Solana’s push for expanded technological reliability.
Fragmetric Raises $5M, Totaling Funding to $12M
A re-staking protocol within the Solana ecosystem, Fragmetric has secured a $5 million funding round led by RockawayX, with investors like Robot Ventures, Amber Group, and BitGo participating. This marks another milestone for the protocol, increasing its total financing to $12,000,000.00. In a previous round, Fragmetric raised $7 million from Finality Capital Partners and Hashed. The new funds will enhance Fragmetric’s mission to advance the re-staking platform’s reliability.
The company shared on Twitter its excitement about the financial boost, stating, “We’re excited to announce our $5M strategic round led by RockawayX, with participation from Robot Ventures, Amber Group, Hypersphere, and BitGo. This brings our total funding to $12M, accelerating our mission to build a secure and innovative re-staking platform for the Solana ecosystem.”
The additional capital anticipates supporting the Fragmetric ecosystem, aiming for stable and secure re-staking solutions within the Solana ecosystem. Plans to expand fragAsset, a crucial component of its technology, are underway to meet anticipated growth and innovation demands.
Upon announcement, Fragmetric’s community showed strong support. These sentiments reflect enthusiasm for continuing advancements in secure staking technology.
Solana’s Fragmetric Targets Growth in Secure Re-Staking
Historical Context, Price Data, and Expert Analysis
Did you know? In previous funding milestones, Fragmetric’s foresight into infrastructure enhancements aligned with broader industry innovation, pushing blockchain reliability forward.
Fragmetric (FRAG), incorporated into the BNB Smart Chain, reflects a focused strategy on emerging NFT and music segments. CoinMarketCap reports a fully diluted market cap of $1,683,955.50 USD, while trading activities reflect volatility over recent weeks. Significant price changes include a -0.01% drop over the last week and a -17.43% shift over three months, echoing broader market conditions.
The re-staking protocol’s financial influx positions Fragmetric competitively for future technological developments in secure asset handling. Experts predict potential regulatory approvals will influence staked asset rates and redefine security norms within the cryptocurrency sector.
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