Persistence Secures $3.7 Million in Funding on October 2, 2020

According to industry reports, Persistence raised $3.7 million in funding on October 2, 2020. The round saw participation from Arrington Capital, IOSG Ventures, NGC Ventures, Woodstock, Spark Digital Capital, Moonrock Capital, GBV Capital, TRGC, Incrypt, and 3Commas. With this round, Persistence’s total funding has reached $3.7 million.Persistence is a Tendermint-based Layer-1 network designed to support the DeFi ecosystem. The project aims to establish liquid staking assets as the default assets within the PoS economy. Additionally, Persistence offers users diversified exposure to various asset classes, including liquid staking (pSTAKE), NFTs (Asset Mantle), and synthetic assets (Comdex).Notably, following the completion of its funding in October 2020, Persistence’s native token XPRT began trading on major exchanges in April 2021. This development marks a significant step for Persistence in advancing the PoS economy. As DeFi and the staking economy continue to evolve, Persistence is expected to play a key role in enhancing asset liquidity and driving innovation in financial products.