Defx, a privacy-centric Layer 1 project dedicated to transactions, has completed a $2.50 million seed round financing.

Foresight News reports that Defx, a privacy-centric transaction-dedicated Layer 1 blockchain project, has completed a $2.50 million seed round. Investors include Pantera Capital, CMT Digital, gumi Cryptos Capital (gCC), Baboon VC, CoinShares Ventures, Robot Ventures, Cadenza, as well as Polygon co-founder Sandeep Nailwal and Liminal founder Mahin Gupta. The funds will be used to advance its next phase of point accumulation and trading activities, including trading competitions.