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Jigstack Raised $3M in Funds To Create The DAO of DeFi

Jigstack Raised $3M in Funds To Create The DAO of DeFi
  • Jigstack completes its private and public sale with $3M raised in funds.
  • The public sale alone saw a total gain of $300,000.
  • Jigstack’s vision is to create equal opportunities for all parties involved.

On Thursday, Jigstack completed its private and public funding rounds. The fund has raised a total of 3 million US dollars. The private rounds saw an oversubscription while the public sale reached completion relatively quickly.

This overwhelming interest from the private round shows Jigstack’s capability to transform the decentralized finance (DeFi) world. More so, it included many prominent investors such as Block Films, Moonwhale Ventures, Exnetwork, DHC capital, Blocksync Ventures, Gains, CSP DAO, and X21 Digital.

Meanwhile, the public sale was confirmed to have raised 300,000 US dollars. This huge demand for exposure to Jigstack’s STAK token indicates a positive impact. Thus, investors are keen on exploring the governance and revenue-generating potential of this new asset.

Notably, Jigstack is a decentralized autonomous organization (DAO) engineering and deploying institutional-grade decentralized tools fit for any user. Moreover, as a DAO governing multiple revenue-generating protocols, they have a bold vision for the DeFi industry. Accordingly, the team introduces an ecosystem where quality standardization takes center stage.

Jigstack’s vision is to create equal opportunities for all parties involved. Hence, its goal is for everything to be governed via the DAO. This helps empower token holders to help shape the future of this ecosystem.

Moreover, Jigstack has paved the road for broader mainstream adoption of DeFi. They have built a strong focus on quality assurance and interoperability.

Robert Weir, COO of Jigstack said,

With Jigstack, we bring a new standard of quality, security, and user-friendly, solution-oriented financial tools. It is my firm belief that adherence to these simple disciplines could be the catalyst for mainstream adoption.

Furthermore, these multiple revenue products and protocols include Lemonade, Stakbank, and EthLink. Other protocols in development include crypto gifting platform Santa, cross-chain bridge JigBridge, and high-end collectibles and art NFT marketplace ‘Gallery’.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.