Curated News
By: NewsRamp Editorial Staff
March 18, 2024
SX Network Secures Strategic Funding Round, Plans Cross-Chain Expansion
TLDR
- Investors in SX Network's recent funding round gain access to a leading blockchain platform poised for explosive market growth.
- SX Network leverages blockchain technology to revolutionize sports betting, offering transparent, peer-to-peer betting on a global scale.
- SX Network's innovative use of blockchain technology aims to improve fairness and transparency in sports betting, creating a more equitable gambling ecosystem.
- SX Bet, the world's largest blockchain betting platform, is expanding to five new blockchains, starting with Arbitrum, offering bet drops to new and existing users.
Impact - Why it Matters
The closure of the strategic funding round and the upcoming cross-chain expansion of SX Bet signal a significant milestone in the evolution of sports betting. This news demonstrates the company's readiness for explosive growth and increased influence in the web3 betting space, offering a new level of transparency and fairness for bettors across multiple blockchains.
Summary
SX Network has successfully closed a strategic funding round led by Draper Dragon and other key investors. The funding will support the expansion of its flagship platform, SX Bet, which has already become the world's largest on-chain GambleFi project with over $437 million in total betting volume. The company plans to launch on over five new blockchains in 2024, starting with Arbitrum, making it the first-ever cross-chain betting application.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, SX Network Secures Strategic Funding Round, Plans Cross-Chain Expansion
