Share this article
Decentralized Token Exchange Radar Relay Raises $3 Million
The team behind Radar Relay, a decentralized token exchange built on top of the 0x protocol, has raised $3 million in venture funding.
By Wolfie Zhao
Updated Sep 13, 2021, 7:17 a.m. Published Dec 19, 2017, 10:30 p.m.
Make us preferred on Google
The team behind Radar Relay, a decentralized token exchange built on top of the 0x protocol, has raised $3 million in venture funding.
The round was led by Blockchain Capital and also included Batshit Crazy Ventures, Collaborative Fund, Digital Currency Group, Kindred Ventures, Kokopelli Capital, Notation Capital, Reciprocal Ventures, Sparkland Capital, SV Angel and V1.VC.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Radar Relay aims to serve as a hub atop the 0x protocol, which is designed to act as a decentralized exchange mechanism for ERC-20 complaint tokens on the ethereum network. An initial coin offering (ICO) tied to 0x raised $24 million earlier this year.
According to Alan Curtis, Radar Relay's CEO, the funding will go toward expanding its existing team.
"We have 15 people now and the funds will be used for platform expansion, talent acquisition, and building out an integrations team," Curtis told CoinDesk.
Radar Relay has currently launched a beta version that runs on the decentralized ethereum network and requires users to get access to it via a Brave or Metamask browser. Record on 0xtracker shows that the most recent daily trading volume was around $60,000 to $70,000.
Curtis said the Radar Relay platform is expected to come out of the beta development stage sometime in the first quarter of 2018.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Radar Relay.
Funding image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Meta and Microsoft continue going big on AI Spending. Here's how bitcoin miners could benefit
In its fourth quarter earnings report, Meta said capital spending plans for 2026 should be in the range of $115-$135 billion, well ahead of consensus forecasts.
What to know:
- Fourth-quarter earnings results from Microsoft (MSFT) and Meta (META) suggested no slowdown in AI-related spending.
- Microsoft highlighted that AI is now one of its largest businesses and pointed to long-term growth.
- Meta projected sharply higher capital spending in 2026 to fund its Meta Super Intelligence Labs and core business.
Top Stories
