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TechFlow news, May 15 — According to CoinDesk, 0x, a decentralized exchange infrastructure company, announced the acquisition of its competitor Flood. This marks 0x's first acquisition since its founding in 2017. A spokesperson for 0x declined to disclose the specific acquisition amount due to contractual obligations. Flood raised $5.2 million from investors in a seed funding round in February 2024.
According to CoinDesk, decentralized exchange infrastructure company 0x has announced the acquisition of rival Flood, marking 0x's first acquisition since its founding in 2017. A 0x spokesperson declined to disclose the specific amount paid for Flood due to contractual obligations. Flood raised $5.2 million from investors in a seed funding round in February 2024.
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