Velvet Capital Raises $3.7 Million in Funding Led by YZi Labs and Blockchain Founders Fund

According to a report by Jinse Finance, as cited by Cointelegraph, Velvet Capital has announced the completion of a $3.7 million funding round to launch its intent-driven DeFAI trading and portfolio management ecosystem. The round was led by YZi Labs and Blockchain Founders Fund, with participation from FunFair Ventures, Selini Capital, Cointelegraph Accelerator, and several other institutions. Previous reports indicated that a certain exchange wallet listed Velvet (VELVET) TGE on July 10.