Berlin, November 21, 2023 – Panoptic, a portfolio company and incubation project of Advanced Blockchain AG, has successfully closed a new financing round, securing a significant investment of $7 million from prominent investors. This funding comes just in time for the highly anticipated launch of the Ethereum Mainnet. Alongside the financing, Panoptic has also unveiled multiple new advancements to its product lineup.
Panoptic, which was established just over a year ago, has seen remarkable growth and success. With this new financing round, the company’s valuation has increased significantly, bringing added value to Advanced Blockchain’s diverse investment portfolio. The round was led by German-based Greenfield Capital, with contributions from HashKey, gumi Cryptos Capital (gCC), L1D, and other influential figures in the blockchain industry.
One of the notable achievements of Panoptic’s team was the recent release of their smart contract code to the wider community. This important step sets the stage for the upcoming beta release, allowing the community to explore the protocol’s fundamental features and final product.
Simon Telian, CEO of Advanced Blockchain, expressed his pride in Panoptic’s progress, stating, “Panoptic’s innovation aims to bring decentralized perpetual options to the industry by building on top of Uniswap v3, the world’s largest decentralized exchange. We are thrilled to see one of our incubation projects achieving ambitious fundraising and product goals. With the support of top-tier blockchain investors, the team is on a strong growth trajectory towards becoming a true market leader.”
Panoptic’s latest financing round and product advancements highlight the continued growth and innovation within the blockchain industry. As the Ethereum Mainnet launch approaches, Panoptic is poised to make a significant impact in the decentralized finance sector.
FAQ:
Q: What is Panoptic?
A: Panoptic is a portfolio company and incubation project of Advanced Blockchain AG.
Q: How much funding did Panoptic secure in its latest financing round?
A: Panoptic secured a substantial investment of $7 million in its latest financing round.
Q: Which investors contributed to Panoptic’s financing round?
A: The financing round was led by Greenfield Capital, with contributions from HashKey, gumi Cryptos Capital (gCC), L1D, and other influential figures in the blockchain industry.
Q: What advancements did Panoptic unveil?
A: Panoptic has unveiled multiple new product advancements leading up to the Ethereum Mainnet launch.
Q: What is the significance of Panoptic’s smart contract code release?
A: The release of Panoptic’s smart contract code allows the wider community to explore the fundamental features of the protocol and final product.
Q: What is the goal of Panoptic’s innovation?
A: Panoptic aims to bring decentralized perpetual options to the industry by building on top of Uniswap v3, the world’s largest decentralized exchange.