Announced today, Earn Network, a community-driven marketplace for liquid investments, has successfully concluded its seed funding round.
The funding, totalling $2.7m, came from a group of venture capitalists and angel investors. The round was led by Shima Capital, with participation from DFG, Jsquare, LD Capital, Cronos Labs, GTS Ventures, Bixin Ventures, ViaBTC Capital, Mars DAO, and Mirana Ventures.
Earn Network’s central mission is to bridge the gap between traditional investment platforms and the largely untapped potential of the DeFi ecosystem. The platform claims that its accessible and straightforward interface, coupled with its decentralised structure, allows investors to leverage secure and audited templates to create customised financial products, thereby bypassing hidden fees, middlemen, and tedious processes.
With the fresh injection of funds, Earn Network plans to diversify its product categories. Alongside the already developed DeFi Staking, the platform is set to add three more categories: Lending, Liquid Staking, and Native Restaking. The funds will also enable Earn Network to hire additional professionals to their team, grow their community, and establish relationships with more base layers and projects.
Other pertinent information includes Earn Network’s assertion that the traditional investment platforms’ inability to exploit the value arising from the DeFi ecosystem limits the global economy’s development. The platform argues that this scenario leaves billions of potential investment opportunities and economic growth untapped.
Bartek Pozniak, CEO of the Earn Network, said, “Our goal is to onboard millions to generate billions in the greater DeFi economy. We’ve set an ambitious goal to create a leading financial marketplace that’s ready for tomorrow. We want to create a renowned and user-friendly investment platform that gives equal opportunities to every participant worldwide.”
Earn Network was founded in early 2022 by a team of nine leading experts in their fields. The platform has already reached over 150,000 users through its own native platform and affiliated yield earning sites, including MyCointainer.com. The platform is already working with notable projects such as Avalanche, Decimal, or Cronos to develop new use cases for crypto communities.
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