{"id":55488,"date":"2022-01-04T14:50:29","date_gmt":"2022-01-04T12:50:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55488"},"modified":"2025-09-04T01:44:04","modified_gmt":"2025-09-03T22:44:04","slug":"binance-labs-backs-woo-network-with-12-million-in-series-a-funding","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-labs-backs-woo-network-with-12-million-in-series-a-funding\/","title":{"rendered":"Binance Labs backs WOO Network with $12 million in Series A+ funding"},"content":{"rendered":"<p>The WOO Network project attracted $12 million in funding from Binance&#8217;s venture arm as part of a Series A+ round.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Warmest welcome to <a href=\"https:\/\/twitter.com\/WOOnetwork?ref_src=twsrc%5Etfw\">@WOOnetwork<\/a> to Binance Labs Family \ud83c\udf7e\ud83c\udf8a<a href=\"https:\/\/twitter.com\/hashtag\/BinanceSmartChain?src=hash&#038;ref_src=twsrc%5Etfw\">#BinanceSmartChain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BinanceLabs?src=hash&#038;ref_src=twsrc%5Etfw\">#BinanceLabs<\/a> <a href=\"https:\/\/t.co\/DFi6ISUEMp\">https:\/\/t.co\/DFi6ISUEMp<\/a><\/p>\n<p>\u2014 Binance Labs Fund (@BinanceLabs) <a href=\"https:\/\/twitter.com\/BinanceLabs\/status\/1478285355040182274?ref_src=twsrc%5Etfw\">January 4, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>WOO Network is a liquidity platform that connects users with exchanges, wallets, DeFi services and other projects. Its ecosystem includes the centralized trading platform WOO X, the decentralized exchange WOOFi, and an institutional solution for clients, WOO Trade.<\/p>\n<p>Last year WOO Network began providing liquidity to the Binance Smart Chain ecosystem with the launch of the WOOFi Swap service. The latter uses institutional approaches to market making to improve pricing and reduce slippage. <\/p>\n<p>The platform also interacts with dYdX, Matcha, ParaSwap, 1inch, DODO and dozens of other projects.<\/p>\n<p>In November last year <a href=\"https:\/\/u1f987.com\/en\/news\/three-arrows-capital-and-crypto-com-capital-back-woo-network-in-30-million-round\">raised<\/a> $30 million in a Series A round that drew participation from Three Arrows Capital, Crypto.com Capital, Avalanche Foundation and other investors.<\/p>\n<p>In December WOO Network <a href=\"https:\/\/u1f987.com\/en\/news\/woo-network-to-allocate-over-200-million-to-the-dao-treasury\">announced<\/a> the creation of a <span data-descr=\"decentralized autonomous organization\" class=\"old_tooltip\">DAO<\/span> for decentralized governance.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The WOO Network project attracted $12 million in funding from Binance&#8217;s venture arm.<\/p>\n","protected":false},"author":1,"featured_media":55489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1133],"class_list":["post-55488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55488"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55488\/revisions"}],"predecessor-version":[{"id":55490,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55488\/revisions\/55490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55489"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}