Decentralized finance protocol Wasabi has secured $3 million in a seed funding round led by Electric Capital. The round, initiated in January and finalized by February, also saw participation from Alliance, Memeland, and notable individuals like Pudgy Penguins CEO Luca Netz. Wasabi aims to enhance financial infrastructure for “long tail assets” such as memecoins and NFTs, offering leveraged trading options backed by actual assets.
