BountyBay, a San Jose, CA-based provider of a PayFi infrastructure and decentralized P2P trading platform for products & services, received an investment from Animoca Brands.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Backed by TON Ventures, BountyBay is developing a PayFi infrastructure and decentralized P2P trading platform for products & services. The upcoming launch of TradeOS Protocols aims to address the key inefficiency in traditional P2P trading platforms such as:
- Expensive platform take rate
- Slow payout time for exchange parties
- Data and liquidity silo in traditional trading systems
Besides existing Telegram ecosystem coverage, BountyBay is collaborating with Kaia to develop a new LINE Mini-App used to high-value Web3 audiences in Asia (Japan, Vietnam, Taiwan, etc.). This expansion empowers the company to penetrate key markets with culturally localized tools, bridging mainstream adoption and more real-world practices.
