WingRiders, a British Virgin Island-based Cardano decentralized exchange (“DEX”), raised an undisclosed amount in seed funding.
Backers included Animoca Brands (Matrixport), Spark Digital Capital (Spark Digital Capital), Double Peak and Bitrue.
The funds will be used by the company to expand its operations and to support its development efforts.
WingRiders has created an infrastructure for a decentralized cryptocurrency exchange platform that operates on the Cardano blockchain. It supports most wallets, with integrations ranging from light-to-full (e.g Nu.fi). Their platform allows users, and other dApps, to access it and to exchange tokens. It also provides liquidity and stake.
WingRiders emerged from “stealth mode” in December 2021 with a fully working prototype deployed on the Cardano testnet. It has grown rapidly and is now ready for deployment on the Cardano mainnet.