Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors – Bitcoin News
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Crypto industry veterans have been quite busy lately, and the latest news is that former FTX president, Gary Wang, has recently launched a new crypto venture, raising $5 million from leading investors.
Wang, who was previously the president of FTX, a popular crypto derivatives exchange, has launched a new venture called “Lazy Ledger”. The new venture is a blockchain-based financial infrastructure platform that is designed to enable the development of decentralized financial products.
The new venture has raised $5 million from leading investors, such as Pantera Capital, Dragonfly Capital, and Arrington XRP Capital. These investors are well-known in the crypto space and have a long history of backing successful crypto projects.
Lazy Ledger is a platform that is designed to make it easier for developers to create decentralized financial products. It will provide developers with a set of tools and frameworks to help them create decentralized applications (dApps) that are compliant with the various laws and regulations in the industry.
The platform will also provide users with a secure and reliable way to store their crypto assets. The platform will use a combination of smart contracts and blockchain technology to ensure that users’ assets are secure and protected at all times.
Wang is also working with some of the leading crypto exchanges to ensure that Lazy Ledger’s products are available to users on their platforms. This will ensure that users have access to the latest and greatest in crypto products.
Wang’s new venture has been met with a lot of enthusiasm from the crypto community. Many people are excited to see what the project has to offer and how it will help to advance the industry.
The crypto industry is continuing to grow and evolve, and projects like Lazy Ledger are helping to make it easier for developers to create innovative products that are compliant with the various laws and regulations in the industry. This is great news for the industry and should help to further propel its growth.
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