Wasabi Raises $3 Million in Seed Round Led by Electric Capital with Spencer Ventures and Luca Netz

Jun 17, 2024, 04:22 PM

Wasabi, a memecoin leverage trading protocol, has successfully raised $3 million in a seed round led by Electric Capital. The funding round saw participation from notable investors including Spencer Ventures, Luca Netz, AllianceDAO, Memeland, Santiago Roel, and 0xCygaar. Wasabi aims to make high-growth, emerging assets trading accessible to all. The protocol allows trading of low liquidity assets such as NFTs and memecoins. Wasabi has been praised for its strong team and rapid growth, with several partners and investors expressing their excitement about the protocol's future prospects.