FILE PHOTO: Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration
NEW YORK (Reuters) - The Incentive Ecosystem Foundation (IEF) said on Friday it has raised $100 million for Serum, a decentralized exchange and platform, to help expand its network and position it as a core liquidity infrastructure provider.
As a decentralized exchange, Serum provides the underlying liquidity infrastructure for applications built on the Solana blockchain. IEF, meanwhile, supports development and applications on Serum.
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