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Arbswap Launches Nova Accelerator to Support Arbitrum’s Ecosystem Growth – Press Release Bitcoin News
press release
PRESS RELEASE. Arbswap, the Arbitrum native automated decentralized exchange, has seen significant progress in recent months. Following the migration of the contracts to the Arbitrum Nova network, Arbswap has recently launched the Nova Accelerator with the support of Old Fashion Research, a multi-strategy blockchain investment fund. By establishing the accelerator, Arbswap aims to support the growth of Arbitrum Nova’s ecosystem through investments and advisory services for projects that build on the platform. According to Arbswap, Nova Accelerator aims to invest 10 million dollars in the Arbitrum Nova ecosystem.
About Arbswap and Arbitrum Nova
Arbitrum Nova is an Arbitrum Layer-2 scaling solution that optimizes ultra-low-cost transactions while offering strong security guarantees. As the first Arbitrum chain built on its AnyTrust technology, Arbitrum Nova is intended to serve applications that handle large volumes of price-sensitive transactions, such as games, social and decentralized exchanges.
As a decentralized exchange, Arbswap aims to offer maximum security and affordability to users exchanging tokens on the DEX. Arbitrum Nova boasts high security and low transaction costs even at high volumes, so Arbswap’s quick decision to migrate to Nova is sure to serve as a significant first-mover advantage over other exchanges with “high” transaction costs in the Arbitrum One chain. Furthermore, the various DeFi tools offered by Arbswap, such as liquidity mining, staking pools and Dasher, a launchpad product that starts new Arbitrum Nova projects through earned token sales, make Arbswap a very attractive DEX for various market participants.
Combined with Dasher, the Nova Accelerator has allowed Arbswap to position itself as a powerful force in the Arbitrum universe, offering projects that build on Arbitrum Nova a way to fund and launch their products through the Arbswap ecosystem.
For all Arbswap related updates, be sure to follow their social media channels:
Website | Twitter | Telegram | Announcements
Name: Stag Arbswap
Email: [email protected]
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