TechFlow News — Web3 "super app" ParaX has announced a strategic funding round, with Hong Kong-based digital asset wealth management firm Metalfa participating in the investment. The specific amount of the funding has not been disclosed. ParaX was formed through the merger of NFT lending protocol ParaSpace and Polkadot ecosystem DeFi protocol Parallel Finance. It is a Web3 super application powered by account abstraction and zkVM, aiming to provide users with a comprehensive ParaX ecosystem encompassing account abstraction, meta user interfaces, and zkVM, enabling easier management of multi-chain assets and identities.
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