Parallel Finance is interested in working with strategic investor Coinbase on its ecosystem expansion and software plans, said Ruan. The protocol also plans to build on StarkWare’s StarkNet, a layer 2 product addressing Ethereum’s key scalability issues of slow speed and high transaction fees. Section 32 brings potential collaborations to the table as the firm moves to invest more in Web 3 projects.
Source: https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines