Wemade Tree Makes Strategic Investment in DeFi Decentralized Autonomous Organization 'BitDAO'
[Asia Economy Reporter Kang Nahum] Wemade Tree announced on the 2nd that it has made a strategic investment in BitDAO (decentralized autonomous organization).
BitDAO presented a new platform as a DeFi (Decentralized Finance) service aggregator, attracting the attention of investors worldwide.
Along with Wemade Tree, Founders Fund, Pantera Capital, Dragonfly Capital, Alan Howard, Spartan Group, and Jump Capital invested a total of $230 million.
A representative from Wemade Tree stated, "We highly valued the potential of the new model of a DeFi consortium platform proposed by BitDAO, and our optimistic outlook on BitDAO's growth potential aligned with the views of leading global investors," explaining the background of the investment.
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According to DeFiLlama, which provides DeFi data, as of 2 PM (Korean time) on the 2nd, the total global DeFi deposits amount to approximately $103.5 billion (about 117 trillion KRW).
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