Wasabi, a memecoin and NFT leveraged trading protocol, completes $3 million seed round of financing, led by Electric Capital

BlockBeats news, on June 18, The Block reported that Wasabi, a meme coin and NFT leveraged trading protocol, completed a $3 million seed round of financing, led by Electric Capital, with participation from Alliance, Memeland, Spencer Ventures, Pudgy Penguins CEO Luca Netz, Magic Eden co-founder Zhouxun Yin, angel investor Santiago Santos, and crypto Twitter celebrities Cygaar, Zagabond, DCF God and Bob Loukas.

It is reported that Wasabi is a DeFi protocol that allows users to use leverage to trade "long-tail assets" such as meme coins and NFTs.