INFINIT Secures $6 Million in Seed Funding to Revolutionize DeFi Development

Author - personCMO Intern

9/16/2024

September 15, 2024 – INFINIT, the pioneering DeFi abstraction layer, has successfully raised $6 million in a seed funding round led by prominent blockchain investors, including Electric Capital, Mirana Ventures, and Hashed. This significant investment will fuel INFINIT's mission to empower developers and accelerate the growth of decentralized finance.

Simplifying DeFi Development for a Decentralized Future

INFINIT provides a comprehensive and user-friendly infrastructure that streamlines the process of building and scaling DeFi protocols. By abstracting away the complexities of blockchain development, INFINIT enables developers of all skill levels to create innovative DeFi applications with ease.

Key Features and Benefits of INFINIT:

End-to-End DeFi Solutions: INFINIT offers a full suite of tools and services that support DeFi projects throughout their entire lifecycle, from ideation to deployment and beyond.

Instant Deployment: Developers can launch their DeFi protocols on any supported blockchain within minutes, significantly reducing time-to-market.

Modular Architecture: INFINIT's modular design allows for seamless integration of new features and functionalities, enabling developers to easily customize and scale their applications.

Advanced Customization: Developers have granular control over their DeFi protocols, with the ability to fine-tune parameters and tailor functionalities to their specific needs.

Cross-Chain Compatibility: INFINIT supports multiple blockchain networks, including Ethereum, Mantle Network, Blast, and more, fostering interoperability and expanding the reach of DeFi applications.

Industry Leaders Recognize INFINIT's Potential

The funding round saw participation from a diverse group of investors, including:

Electric Capital
Mirana Ventures
Hashed
Faction
Maelstrom.fund (Arthur Hayes's family office)
Robot Ventures
Nomad Capital
Bankless Ventures
Selini Capital
Tangent
Presto Labs

"INFINIT's deep experience in building DeFi solutions makes them a key player in shaping the future of the DeFi ecosystem," said Ken Deeter, General Partner at Electric Capital. "Their success in facilitating over $630M TVL across dApps and chains demonstrates both their capability and commitment. We are proud to support this talented team as they continue to bring new innovations to the space."

INFINIT: Powering the Next Generation of DeFi Applications

With its powerful technology and strong industry backing, INFINIT is well-positioned to become the go-to platform for DeFi development. By lowering the barriers to entry and empowering developers, INFINIT is poised to unlock a new wave of innovation in the decentralized finance space.

About INFINIT

INFINIT is the first DeFi abstraction layer that abstracts away all the complexities of building and scaling DeFi protocols. With INFINIT, anyone can build and scale DeFi protocols in minutes. INFINIT's vision is to become the backbone of DeFi, powering every DeFi protocol across every chain.

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