- Slips raised $3.5M led by Las Olas Capital.
- Funds will enhance crypto and stablecoin operations.
- Charlotte Hornets co-owner joins investment expansion.
On January 16th, social decentralized prediction market platform Slips announced a $3.5 million seed financing round led by Las Olas Capital and Sunset Bay Capital.
This funding supports Slips’ expansion of cryptocurrency payments, signifying potential growth in decentralized prediction markets integrating AI and blockchain technology.
Slips Secures $3.5M to Boost Crypto and AI Capabilities
Slips, a decentralized prediction market platform, recently completed a $3.5 million seed round, enabling future expansions. This investment is intended to support cryptocurrency payments and stablecoin withdrawals, enhancing financial services. Jess Richman, Founder & CEO, Slips, stated, “Prediction markets are the natural evolution of peer-to-peer gaming, and AI is the engine that makes it limitless,” emphasizing the platform’s shift to house-free, AI-powered betting.
The seed round was co-led by Las Olas Capital and Sunset Bay Capital, with significant involvement from Andrew Schwartzberg, co-owner of the Charlotte Hornets and Leeds United. Slips’ AI-driven markets aim to revolutionize peer-to-peer betting, according to CEO Jess Richman.
The community response has been positive, with key backers in the sports and investment fields expressing optimism. This step marks an evolution in peer-to-peer platforms, as indicated by industry commentary.
Investor Confidence Grows with Continued Financial Backing for Slips
Did you know? Slips’ $3.5 million funding round follows a previous $1.6 million pre-seed investment, emphasizing sustained investor confidence in AI-based prediction markets.
CoinMarketCap reports Ethereum (ETH) at $3,274.45, with a market cap of $395.21 billion and a trading volume of $22.08 billion, showing a 0.53% decline over the past 24 hours. The cryptocurrency displays varied performance, with a 6.53% increase over seven days but a 15.81% drop over 90 days.
Coincu analysts observe potential regulatory and technological shifts in decentralized markets. Slips’ funding reflects increasing integration of AI and cryptocurrency, suggesting a trend toward more robust and dynamic peer-to-peer platforms. This movement could redefine market interactions in the coming years.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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