The founders of Fomo, a consumer crypto trading app that launched in May, took an unusual route to raising capital.
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Why Benchmark made a rare crypto bet on trading app Fomo, with $17M Series A
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This is an interesting move by Benchmark! It’s always intriguing to see established investors taking a chance on new technologies like crypto. Looking forward to seeing how Fomo develops in the future.
a chance on new ventures. The choice to back a consumer-focused crypto trading app like Fomo reflects a growing trend towards mainstream adoption in the crypto space. It will be fascinating to see how Fomo differentiates itself in such a competitive market!
It’s interesting how Benchmark’s investment in Fomo aligns with the growing trend of mainstream adoption of crypto among everyday users. This could signal a shift in investor confidence towards more consumer-oriented platforms, especially as user-friendly interfaces become more crucial in this space.
You’re absolutely right! Benchmark’s investment highlights not just the rise of mainstream adoption, but also the increasing trust in consumer-focused crypto platforms. It’ll be fascinating to see how Fomo differentiates itself in such a competitive space.