GRVT Announces Fundraise, Launches Private Beta
March 20, 2024: GRVT, a trailblazing hybrid cryptocurrency exchange, has recently announced a successful strategic funding round and the launch of its private beta platform. These developments underscore the growing market interest in GRVT’s innovative approach to digital asset trading.
The funding round, a strategic move that secured $2.2 million, has raised GRVT’s total capital to $9.3 million. This significant influx of investment signifies strong investor confidence in GRVT’s long-term vision and its potential to disrupt the cryptocurrency exchange landscape.
The funding round attracted participation from prominent industry players, including major trading firms and market makers such as QCP Capital, Selini Capital, Antelope, Pulsar Trading, and Ampersand. These established names’ involvement lends further credence to GRVT’s technology and business strategy.
GRVT differentiates itself by combining traditional centralized exchange (CEX) infrastructure with blockchain technology’s security and transparency benefits. This hybrid model leverages off-chain order matching for speed and efficiency while relying on on-chain settlements for immutability and trust.
This innovative approach is designed to deliver superior transaction speeds. GRVT aims to achieve a processing capacity of up to 600,000 transactions per second (TPS) with single-digit millisecond latency, surpassing the capabilities of many existing cryptocurrency exchanges.
The launch of GRVT’s private beta, an exclusive opportunity, marks a crucial milestone towards the official launch of its main net platform. This initial phase allows a select group of industry influencers and partners to test the platform’s functionality and provide valuable feedback.
Following a successful private beta period, GRVT plans to gradually open access to the platform to a wider pool of community testers. This phased approach ensures a smooth and efficient rollout of the exchange and allows GRVT to address any potential issues before a full public launch.
GRVT’s strategic funding round and private beta launch coincide with heightened interest in hybrid cryptocurrency exchanges. Investors and traders are increasingly seeking solutions combining traditional CEX functionality’s benefits with the security advantages of blockchain technology.
Looking ahead, GRVT will focus on refining its platform during the private beta phase and expanding its community outreach. The successful execution of these initiatives will be critical for GRVT to establish itself as a leading player in the evolving cryptocurrency exchange ecosystem.
