Proximity Labs has taken the firm decision to make a formal declaration of a funding amount of $10 million. This is coupled with other investors in the fray, such as Orderly Network, Spin, and Tonic. Primarily, this will aid in the development of decentralized orderbook solutions at the NEAR Foundation.
As far as Proximity Labs is concerned, it is a company engaged in research and development. Its primary and highly prioritized function is taking overall care of the DeFi ecosystem.
In this regard, the effective path it chooses to make achievable targets is through the activities related to investments to be made, the support of connected and concerned developers, open-source software, and other important and associated ways and means.
In this scenario, it also ably plays the role of advisor, offering its professional services to those who seek them out and require them. When it comes to Proximity Labs’ team members, they are a collection of professionals and experts from the NEAR Foundation, Binance, Consensys, and other prominent and related organizations.
Relying on their field of expertise, team members of Proximity Labs are presently actively engaged in reaching out to all of those who have been affected by the adverse scenario brought about by the bankruptcy of FTX.