Velvet Capital raises $3.7 million, led by YZi Labs and Blockchain Founders Fund

Foresight News reported that according to Cointelegraph, Velvet Capital announced the completion of a $3.7 million funding round to launch its intention driven DeFAI trading and portfolio management ecosystem. This round of financing is led by YZi Labs and Blockchain Founders Fund, with participation from multiple institutions such as FunFair Ventures, Selini Capital, Cointelegraph Accelerator, etc. Previously, Binance Wallet launched Velvet (VELVET) TGE on July 10th.