SX Network Closes Successful Strategic Funding Round
Summary
Toronto, Canada, March 18, 2024 (GLOBE NEWSWIRE) -- is proud to announce the closure of a successful strategic funding round. Spearheaded by Draper Dragon, the round also saw participation from CMCC Global, CMS Holdings, and several angel investors. This pivotal financial milestone is a testament to SX Networks leading role in leveraging blockchain technology to redefine sports betting.At the heart of its mission, SX Network seeks to revolutionize the sports betting industry by eliminating vig and dramatically improving fairness and transparency with the innovative use of blockchain technology. Its flagship platform, , has established itself as the worlds largest on-chain GambleFi project, boasting over $437 million in total betting volume and outperforming its nearest competitor tenfold. The recent strategic funding round and SX Bets unparalleled market performance underscore the platforms readiness for explosive growth and expansion into the web3 ecosystem, signaling an exciting phase of increased visibility and influence.In a groundbreaking initiative, SX Bet is set to expand its reach by launching on over five new blockchains in 2024, starting with its launch on Arbitrum in the upcoming days.