Learned by 79 usersPublished on 2024.04.01 Last updated on 2024.10.15
Tokens
Introduction to DRFTokens
DRF (Derify Protocol) is an innovative, community-driven decentralized finance protocol aimed at building trading bridges between the Tokens markets. It is a decentralized protocol token designed to provide more flexible and efficient derivatives trading solutions for the Tokens market.
According to the provided information, the founder of DRF Coin is Lee Ming-jing, who is the former CEO of Asian Credit Insurance (ACI) in South Korea. He founded DRF in 2016, which is a blockchain startup. However, it's worth noting that this information conflicts with other sources describing the Derify Protocol, which outlines a decentralized derivatives trading platform rather than DRF Coin founded by Lee Ming-jing. Therefore, there may be two different DRF Coins, one founded by Lee Ming-jing and the other as the native token of the Derify Protocol.
According to the provided information, the following venture capital firms invested in the Tokens field:
Andreessen Horowitz (a16z): a16z is one of the most active investors in the cryptocurrency space, having invested in multiple Tokens projects including Coinbase, Aleo, Goldfinch, and others. Their Tokens fund has raised a total of $7.515 billion.
Lightspeed: Lightspeed's partner Jeremy Liu started focusing on Bitcoin as early as 2014 and invested in Tokens projects such as Blockchain.com.
Libertus Capital: Libertus Capital led a $7.5 million fundraising for the NFT game Axie Infinity.
Blocktower Capital: Blocktower Capital participated in the $7.5 million fundraising for Axie Infinity.
Konvoy Ventures: Konvoy Ventures participated in the $7.5 million fundraising for Axie Infinity.
Collab Currency: Derek Schloss and Stephen McKeon from Collab Currency participated in the $7.5 million fundraising for Axie Infinity.
Mark Cuban: Dallas Mavericks owner Mark Cuban participated in the $7.5 million fundraising for Axie Infinity and invested in both Series A and B funding for OpenSea.
These institutions' investment activities in the Tokens field reflect their confidence and interest in the sector.
DRFTokens have two different projects using this name, namely Derify Protocol and DRIFE. Below is how these two projects operate:
Thus, the operation of DRFTokens depends on the specific project. Derify Protocol focuses on decentralized derivatives trading, whereas DRIFE is a decentralized ridesharing platform.