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Solana-Based Layer 2 Blockchain Raises $5M to Expand Pro Trading Tools and RWA Push
- SOON, a Solana-based Layer 2 blockchain, raises $5M to democratize institutional-grade blockchain infrastructure and enhance professional trading tools for retail users.
- Key figures from the blockchain industry, including Nana Murugesan, Mark Hull, Chris Hermida, and Tori Cohen, participated in the funding round.
- The capital raise aims to expedite the launch of high-performance chains, advanced trading tools, expand the copy-trading platform, and focus on real-world asset (RWA) sector.
- SOON plans to bridge Solana's high-speed architecture with Ethereum's Layer 2 ecosystem to offer a hybrid infrastructure catering to institutional and retail markets.
- The funding is crucial for SOON's mission to democratize advanced blockchain infrastructure and introduce professional trading features to a wider audience.
- Participation in the funding round included notable individuals such as Nana Murugesan, Mark Hull, Chris Hermida, and Tori Cohen.
- The raised capital will be utilized to accelerate the development of high-performance chains, advanced trading tools, and scaling the copy-trading platform.
- SOON intends to further diversify into the real-world asset (RWA) sector utilizing the funds secured in this round.
- By merging Solana's rapid architecture with Ethereum's Layer 2 environment, SOON is targeting a unique hybrid infrastructure suitable for both institutional and retail markets.
- The expansion plans include introducing new professional trading tools and enhancing the platform's capabilities for a broad user base.
- The funding round signifies a significant step towards achieving SOON's goal of democratizing institutional-grade blockchain infrastructure.
- The raised funds will support SOON's efforts to provide advanced trading features to retail users and expand its reach within the blockchain ecosystem.
- Additional focus will be placed on scaling the copy-trading platform, launching high-performance chains, and entering the real-world asset sector.
- The collaboration between Solana and Ethereum's Layer 2 ecosystem will offer a unique infrastructure capable of serving the needs of both institutional and retail investors.
- The raise emphasizes the importance of bringing professional trading tools and blockchain features to a broader audience, fulfilling SOON's mission.
- Overall, the funding round aims to propel SOON's growth in delivering institutional-grade blockchain infrastructure to retail users and expanding its presence in the market.
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