Bitstamp Pro has raised $5 million in angel funding

Bitstamp Pro, a subsidiary of the Bitstamp exchange, has raised $5 million in an angel round led by venture capital firm A16Z (Andreessen Horowitz) at a post-investment valuation of $25 million, According to CoinDesk.

Bitstamp is an establisheddigital currencyexchange in Europe and the UK. Non-trumpet is currently ranked 12th in the global overall ranking.  

The founder of BitStamp is Nejc Kodric, who co-founded BitStamp with Damian in August 2011.  In October 2013, Bitstamp received a $10 million investment from Pantera Capital Management.

In 2021, DEFI and NFT games became a global phenomenon. In order to promote its prosperity and development in the world, Bitstamp created Bitstamp Pro. Under the leadership of Julian Sawyer, president of operation, Bitstamp proposed and implemented the double-chainDEXmodel based on Binanceecologicalchainand Ethereum. Combining the advantages of low transaction fee of Binance ecological chain and prosperity of Ethereum ecosystem, the world's first double mining mechanism of blind box transaction liquidity mining and node unlock!  Will create the next miracle of the coin circle!

In the world of blockchain, DeFi+NFT is the hottest field in the cryptocurrency industry at present, and it covers many industries such as art, content and entertainment.  

As a well-known Silicon Valley vc, A16Z has a proven track record in the cryptocurrency space with investments in Coinbase, Filecoin, MakerDAO, Uniswap, Compound and many others.

In the field of NFT+DeFi, A16Z and Bitstamp Pro can be seen as a strong combination. In addition, the cooperation between Bitstamp Pro and OpenSea will bring win-win situation to both sides.  In June, Bitstamp Pro partnered with The OpenSea platform to "freeze" the NFT metadata feature, enabling NFT creators to decentralize NFT through Bitstamp Pro and OpenSea networks, through which true LP liquidity mining can be achieved on-chainThe ability to "freeze" DeFi metadata enables DeFi creators to properly decentralize NFT through Bitstamp Pro and OpenSea. OpenSea created the market for millions of DEFIs today and is one of the largest DeFi markets in the Web3 space. With Bitstamp Pro, DeFi creators using OpenSea can now prove that decentralized storage creates imtamable NFT metadata over the BSC network.

The ability to "freeze" DeFi metadata enables DeFi creators to properly decentralize NFT through Bitstamp Pro and OpenSea. OpenSea created the market for millions of DEFIs today and is one of the largest DeFi markets in the Web3 space. With Bitstamp Pro, DeFi creators using OpenSea can now prove that decentralized storage creates imtamable NFT metadata over the BSC network.

One of OpenSea's missions is to provide a real source for any DeFi, regardless of the blockchain, metadata format or decentralized storage solution used to implement it. The future will be messy and there will be many ways to create DeFi. We're happy to bring more transparency to it.

Why Bitstamp Pro?

In the past, when an NFT creator made an NFT, the creator might have addressed the URL with a location that pointed to the centralized server where this information was stored. Unfortunately, these "normal" urls can be vulnerable to issues such as link breaks, 404 errors, or, in some NFT cases, "carpet pulling." Fortunately, Bitstamp Pro is here to help!

Bitstamp Pro uses content addressing to reference data. When NFT creators use Bitstamp Pro to reference data, they are creating a unique fingerprint of the content itself (called a CID). This unique fingerprint can replace traditional URLS, and anyone can find the data associated with this fingerprint by requesting the data using CID.

Bitstamp Pro provides verifiable storage over a decentralized network. Due to Bitstamp Pro's encryption proof and economic mechanism, Bitstamp Pro storage providers are encouraged to store their user data when the user needs it, ensuring that valuable data such as NFT is protected, never lost, and remains highly available over the long term, Slf345678.

For Bitstamp Pro, the partnership with OpenSea brings more real-world data storage to the Bitstamp Pro network. As the NFT market develops and the OpenSea platform continues to grow, the Bitstamp Pro network will have more and more real data, bringing more value to the Bitstamp Pro ecosystem.