Parasset, a new-generation synthetic asset project incubated by NEST LABS, announced the seed round financing of $2 million from Huobi Ventures, FBG Capital, OKEx Blockdream Ventures, 21DAO, AU21, Gravity Resource, LD Capital, Infinity Labs, HOT LABS, Kernel Ventures , LINKVC, Kyros Ventures, All For Ventures, 100X Capital, YBB.Foundation, 7 O’Clock Capital, R8 Capital (in no particular order) and other well-known domestic and international investment institutions.
Parasset is the synthetic asset based on the decentralized price oracle NEST Protocol, which is now fully interfaced with NEST v3.6. Parasset like PUSD, PETH, PBTC, and so on, is generated with 1:1 intrinsic value of the underlying asset through the protocol.
