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ParaX - Strategic
Overview
Funding Date
September 29, 2023
Financing amount
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Valuation
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Catagory
Subcategory
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About ParaX - Strategic
ParaX, a Web3 Super App coming from the merger of ParaSpace and Parallel Finance, announced a strategic investment from Metalpha. As a broader, omni-chain platform that encompasses existing ParaSpace and Parallel products, ParaX aims to empower users with their new Web3 ecosystem.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Hong Kong | 2015 | 5 | company@metalpha.finance |
Founders & Team
Yubo Ruan
Company Profile / Project Introduction
ParaX ushers in a new era of Web3 — brought by the merger of ParaSpace and Parallel Finance. At the core, ParaX aims to become the one-stop shop for Web3. Powered by account abstraction and zkVM, ParaX brings the needed infrastructure to enhance the existing Web3 experience and pave the way for mass adoption.