Phuture Raises $ 1.5 Million in Seed Fund to Launch Ethereum Indexing Protocol

PRESS RELEASE. Phuture, a decentralized protocol designed to create and invest in passive index strategies in a Web3 environment, announced today that it has completed its private fundraising round. Led by Ascensive Assets, the tour collected a total of $ 1.5 million. Phuture will present a clear design philosophy for creating passive investment strategies once implemented. Designed from the ground up to be intuitive for local crypto and non-crypto users, Phuture provides tools for creating new indices or investing in existing indices created by the community. The Phuture protocol has a unique, scalable batch index architecture that allows it to be rebalanced across multiple indices at the same time. The smart rebalance engine dynamically identifies optimum rebalance triggers, minimizes trade value loss and improves index performance. The tour included several top blockchain investors, including NGC Ventures, SevenX, Moonrock Capital, Origin Capital, Waterdrip Capital, and D64. Other supporters include Genblock Capital, Decentralabs, Synergia, Vendetta Capital, Richard Ma (CEO of QuantStamp), Danish Chaudry (CEO of Bitcoin.com Exchange) and leading liquidity provider Skynet Trading. Charles Storry, Phuture Growth Manager, said: “At Phuture, we are delighted to partner with some of the most exciting investors in the industry. We will work together to redefine the role of a directory in a Web 3.0 environment and realize our vision of being the de facto directory solution in crypto. The capital raised will be used to fund further development of Phuture for the next version of version 1 and to build the ecosystem; Including the Phuture team and early adopters. Regarding his investment in Phuture, Oliver Blakey, Managing Partner of Ascensive Assets, added: “We are proud to support Phuture as a leading investor. Indices i

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