P2P.org, a staking service provider, has secured a whopping $23 million in funding from three prominent players in the crypto industry. The investors include Jump Crypto, a Web3 investor, Bybit, a crypto exchange, and Sygnum, a digital asset bank. The funds will be used to develop a new infrastructure platform catering to intermediaries, different from its current service that focuses on direct holders.
P2P.org aims to take advantage of the recent Shanghai upgrade of the Ethereum network. The upgrade, also known as Shapella, allows users to withdraw assets they have “staked,” which is expected to increase institutional interest in Ethereum due to the enhanced liquidity it generates. The company plans to use the funds to develop blockchain infrastructure that enhances the user experience in staking, as well as researching and developing expansion initiatives.
P2P.org’s new infrastructure platform aims to cater to intermediaries, which will enable them to participate in staking activities. The company’s existing service focuses on direct holders. The new platform will enhance user experience by providing a more streamlined and efficient process for staking. The company plans to leverage the recent Shanghai upgrade of the Ethereum network to attract institutional investors.
The Shanghai upgrade of the Ethereum network has been a significant development in the crypto industry. It allows users to withdraw assets they have “staked,” which increases the liquidity of Ethereum. This development is expected to attract institutional investors to the cryptocurrency, which could lead to increased adoption and growth in the industry.
P2P.org’s funding round is a significant milestone for the company, as it will enable the development of a new infrastructure platform that caters to intermediaries. The company plans to leverage the recent Shanghai upgrade of the Ethereum network to attract institutional investors, which could lead to increased adoption and growth in the industry. The funds will also be used to enhance the user experience in staking and to research and develop expansion initiatives.
In conclusion, P2P.org’s funding round is a significant development in the crypto industry. The company plans to develop a new infrastructure platform catering to intermediaries, which will enhance the user experience in staking. The recent Shanghai upgrade of the Ethereum network is expected to attract institutional investors to the cryptocurrency, which could lead to increased adoption and growth in the industry. P2P.org’s funding will enable the company to research and develop expansion initiatives, which could further cement its position as a leading player in the staking services industry.
