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Founded in 2022, and based in the US, Wasabi Systems Inc., aka Wasabi Protocol, operates as a decentralized peer-to-peer NFT options protocol designed for…
Founded in 2022, and based in the US, Wasabi Systems Inc., aka Wasabi Protocol, operates as a decentralized peer-to-peer NFT options protocol designed for trading. Eren Derman and Kemal Atay are the co-founders of the company. In June 2024, Wasabi Systems Inc. raised USD 3 million in venture funding led by Electric Capital, including Spencer Ventures and Memeland Alliance. The company offers a trading platform for meme coins, NFTs, and other digital assets. The firm’s platform allows users to engage in leveraged trading, allowing them to move the price of underlying assets. This feature is beneficial for those looking to amplify their trading positions and maximize potential gains. In addition, Wasabi provides tools for hedging against market downturns by enabling users to short coins and NFTs, thereby protecting their investments and profiting from decreasing prices. Furthermore, the company offers opportunities for users to earn on their digital assets. The organization plans to use the June 2024 funding to expand its team of six to ten.
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