Mark Cuban Supports Crypto Data Startup in $2 million funding round
A decentralized finance (DeFi), Esprezzo, startup, that is into building automation tools, raised $2 million from Mark Cuban.
The round provides a three-year-old Boston company a capital boost, that is ahead of its data automation. It indicates that there is a continuous interest in the companies that are working to monetize the DeFi space through secondary applications.
Cuban’s investment is the third bet on DeFi and blockchain projects since they are an outspoken advocate for decentralized technology. Since then, he has also introduced crypto payment options to the Dallas Mavericks, a digital non-fungible token (NFT) art gallery.
Esprezzo and DeFi boom
Well, DeFi is an ecosystem of products for lending, trading, and exchanging digital assets through protocols. The traders are hungry for data that could give them an extra edge in the $43 billion DeFi sector.
After holding a three-member team, they have been pivoting to crypto in 2018. Now, Esprezzo is planning to expand its ranking to keep with the DeFi boom. The user base of 1,500 is growing rapidly, due to the popularity of Esprezzo’s Uniswap trading pair.