What's Hot

    Is the iPhone 15 a True Technological Marvel or a Cash Grab?

    September 22, 2023

    Mainnet 2023: The Pinnacle of Blockchain Evolution in NYC

    September 21, 2023

    Bitcoin or Gold?

    September 20, 2023
    Facebook Twitter Instagram
    Twitter Facebook LinkedIn YouTube
    What the FinanceWhat the Finance
    Subscribe
    • NewsWire
    • Crypto
    • Stocks
    • Investment Ideas
    • Global Economics
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What the FinanceWhat the Finance
    Home»NewsWire»DeFi Mortgage Protocol PWN Raises $2M in $42M Valuation
    NewsWire

    DeFi Mortgage Protocol PWN Raises $2M in $42M Valuation

    Money is starting to flow back into crypto with businesses gearing up
    Lucy WalkerBy Lucy WalkerJuly 19, 2023No Comments2 Mins Read
    PWN DeFi protocol
    Share
    Facebook Twitter LinkedIn Pinterest Email

    PWN, the DeFi mortgage protocol, has successfully raised $2 million in funding, propelling its valuation to an impressive $42 million, as announced by Tereza Starostová, the firm’s CMO.

    It’s worth noting that PWN had previously secured funding from Dialectic and angel investors such as Patricio Worthalter, Tim Beiko, Will Harborne, Kenneth Ng, and Chris Waclawek.

    The raised funds will be utilized by PWN to further develop its Decentralized Autonomous Organization (DAO) and empower its community to exercise control over decentralized mortgage financing. Additionally, PWN plans to deploy EVMs (Ethereum Virtual Machines), enhance collateral value assessments, introduce customized loan flows, and implement other accessibility features, as revealed by Starostová.

    Josef Je, co-founder of PWN, stated, “With the growing adoption of cryptocurrencies and the rise of the crypto-native movement, the demand for these loans will only increase. An infrastructure-building protocol like PWN represents an undeniable opportunity enabling DeFi mortgages at scale.”

    Notable Backers

    • Digital Finance Group
    • IQTEC
    • Safe Ecosystem Foundation
    • Dialectic
    • Next Web Capital
    • Starkware
    • Nethermind
    • Patricio Worthalter
    • Christoph Jentzsch
    • Danny Ryan
    • Tim Beiko
    • Alex Van de Sande
    • Lefteris Karapetsas
    • Luis Cuende
    • Anthony Sassano
    • Eric Conner

    About PWN

    PWN is a decentralized finance (DeFi) protocol that focuses on revolutionizing the mortgage industry. Through its peer-to-peer platform, PWN allows individuals to secure loans by utilizing digital assets, including cryptocurrencies and NFTs, as collateral. One notable feature of PWN is its flexibility in accepting any ERC token as collateral, minimizing the risk of liquidation before the loan maturity date.

    With a vision to empower its community, PWN is actively building a decentralized autonomous organization (DAO) to give stakeholders control over decentralized mortgage financing. The recent successful funding round, raising $2 million and achieving a $42 million valuation, highlights the market’s recognition of PWN’s potential in enabling DeFi mortgages at scale.

    As the demand for crypto-backed loans continues to rise, PWN stands as a prominent player, leveraging the growing adoption of cryptocurrencies and the increasing prominence of the crypto-native movement.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker is a journalist that covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • September 22, 2023NewsWireIs the iPhone 15 a True Technological Marvel or a Cash Grab?
    • September 21, 2023NewsWireMainnet 2023: The Pinnacle of Blockchain Evolution in NYC
    • September 20, 2023CommoditiesBitcoin or Gold?
    • September 19, 2023Investment IdeasDemystifying Financial Wellness: Its Lasting Impact on Life
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleThe #1 Mistake Banks Make During a Financial Crisis
    Next Article Kaspa Achieves Faster Block Times & Higher Scalability

    Related Posts

    Is the iPhone 15 a True Technological Marvel or a Cash Grab?

    September 22, 2023Updated:September 22, 2023

    Mainnet 2023: The Pinnacle of Blockchain Evolution in NYC

    September 21, 2023

    Huge Thunderstorm Shocks London & South East UK

    September 17, 2023Updated:September 17, 2023
    Add A Comment

    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Is the iPhone 15 a True Technological Marvel or a Cash Grab?

    September 22, 2023

    Mainnet 2023: The Pinnacle of Blockchain Evolution in NYC

    September 21, 2023

    Bitcoin or Gold?

    September 20, 2023

    Demystifying Financial Wellness: Its Lasting Impact on Life

    September 19, 2023
    Categories
    • Best Deals
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stock Market
    Recent Comments
    • Peter williamson on Travel Chaos at Geneva Airport: How Swiss Air is failing its customers
    • Marcus Latini on XRP Up by 65% as Judge Claims Ripple Was Not Selling Securities
    • Marcus Latini on Understanding Ethereum and Its Native Cryptocurrency, ETH
    Also Check Out

    Binance Donates to it’s Users in Morocco After Earthquake

    September 15, 2023

    Demystifying Financial Wellness: Its Lasting Impact on Life

    September 19, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Facebook Twitter LinkedIn
    Top Insights

    From Cleaners to Security Guards: The NEW Somatic Cleaning Robot

    September 13, 2023

    The Fisher Composite Index: A Comprehensive Guide

    August 10, 2023

    Cathie Wood & Ark Invest: Disrupting the Investment Landscape

    July 31, 2023
    Categories
    • Best Deals
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stock Market

    Type above and press Enter to search. Press Esc to cancel.