TechFlow News — Hourglass, a crypto startup, has raised $4.2 million in seed funding led by Electric Capital.
The company has launched the world's first Time-Bound Token (TBT) marketplace, which tokenizes users' staked assets in decentralized finance (DeFi) protocols based on their lock-up periods. The marketplace enables users to exchange their positions for ownership of their locked assets, effectively transferring ownership of assets already locked in a protocol to another buyer. "You can essentially take a time-bound token and easily transfer its ownership," said Charlie Pyle, founder of Hourglass.
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