TechFlow news, June 24 — Official announcement: Sphinx has raised $2 million in a Pre-Seed funding round led by Eckhardt Capital, with participation from Big Brain, Blizzard Fund, Cosmos Hub, and others. Sphinx is building a commodity derivatives exchange for energy products based on its proprietary permissioned Layer 1 blockchain, supporting futures and perpetual contracts for oil, gas, and related markets. The funds will be used for mainnet launch and expanding institutional partnerships.
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