SAN FRANCISCO--(BUSINESS WIRE)--0x Labs, the architect of Web3 exchange infrastructure 0x, has raised $70M in a Series B round led by Greylock. Other investors in the round include Pantera, Sound Ventures, A.Capital, Jump Crypto, OpenSea, Coinbase, Brevan Howard, Reid Hoffman, and Jared Leto.
The funding will fuel the continued growth of the 0x Labs team and its product and service offerings, including Matcha, the search engine for tokens; 0x API, supplying multi-chain aggregated liquidity as a service; and 0x Protocol, the open-source, global backbone for decentralized exchange. The company also plans to continue integrating new chains, including non-EVM ones such as Solana, invest in cross-chain functionality, expand its newly introduced support for NFT swaps, and deliver an even higher level of support to integrators.
0x currently supports 7 major blockchains: Ethereum, Polygon, Fantom, Avalanche, Optimism, BNB Chain, and Celo, and its ecosystem has been rapidly expanding. With integrations across all of the top wallets and apps, including MetaMask, Coinbase Wallet and Coinbase NFT, Polygon Wallet, Brave, Matcha, dYdX, Zapper, Zerion, and Shapeshift, 0x is fast becoming the trusted standard for all decentralized exchange. To date, 0x has enabled over $158B in tokenized value to flow across 43M+ trades. There are 3.5M+ users across all wallets and app integrations that are using 0x for their P2P exchanges.
Sarah Guo, Partner at Greylock, says, “All verticals of Decentralized Exchange exploded in 2021. What’s exciting is that we are still very early on the DEX adoption curve. 0x Labs is at the forefront of that development and is perfectly positioned to lead the Web3 charge as more and more value is tokenized and needs a standard to be moved and exchanged. The 0x Labs team have been around since the early days of Ethereum and play such a significant role in the broader web3 ecosystem. We are really excited to work with the 0x Labs team as they level up Web3.”
Developers use 0x to easily incorporate exchange functionality into their applications and create new markets for all tokenized assets and value, including cryptocurrencies, DeFi tokens, and NFTs.
Amir Bandeali, Co-founder and Co-CEO of 0x Labs says, “0x Labs helps businesses eliminate the complexity of accessing decentralized markets across all layers of the Web3 exchange stack. We provide solutions that make it easy for app developers to incorporate exchange functionality and deliver the best selection of tokens at the best prices to their users. By using 0x technology, businesses will have more time to focus on what matters: their product.”
Will Warren, Co-founder and Co-CEO of 0x Labs, says, “We put our ecosystem of integrators first, because if they succeed, we all succeed. Many of the top crypto companies already use and trust 0x, and we're ready to take the next big step in our mission to ‘build a tokenized world where all value can flow freely’ by onboarding the next 100x wave of users, businesses, and institutions to web3.”
0x Labs has a mission-driven and diverse team composed of top-tier talent from Coinbase, Google, Meta, Bitso, Microsoft, Citi, Spotify and other top companies. The company is remote-first and fully distributed, with team members located across Africa, Asia, Australia, Europe, North American, and South America. Early pioneers in the space, 0x Labs has made significant technical contributions to various Ethereum standards over the years, including helping to establish the NFT token standard (ERC721).
0x raised $15M in a Series A round in 2021, led by Pantera Capital.
0x is the trusted exchange infrastructure for the internet that has enabled hundreds of billions of dollars in tokenized value flow through—and scale across—all major blockchains. Developers and businesses can use 0x to easily incorporate exchange functionality into their applications and create new markets for all tokenized assets, including cryptocurrencies, DeFi tokens, and NFTs.