Juggernaut secures investment from $100M fund to build projects on Binance Smart Chain

Juggernaut secures investment from $100M fund to build projects on  Binance Smart Chain

This blog is contributed from the community

24th March 2021 – Juggernaut (JGN), the complete custom DeFi synthetics suite, governance, and NFT marketplace has secured an undisclosed amount of funding from the $100M fund set up to empower projects building on top of Binance Smart Chain (BSC).

As DeFi and NFTs continue their massive growth, Juggernaut has observed a continuous recognition, steady growth and adoption since its launch. JGN has continued to migrate more of its supply to BSC, has launched its BSC Exclusive NFT exchange with a decentralized minting function coming next week built on BSC. It has built a thriving NFT ecosystem and infrastructure on  BSC.

The selection of Juggernaut by BSC bodes well for the future of the project and demonstrates how far the project has come since its launch, last year.

BSC is built as a dual-chain architecture to facilitate the development of DApps and other digital assets on a blockchain while enabling cross-chain trading. The main aim is to enable fast transactions at low costs.

BSC offers certain benefits that several DeFi protocols may find appealing such as increased DeFi interoperability through cross-chain mechanisms, cheap transaction fees, quality network performance, a thriving ecosystem and more to help facilitate optimized NFT trading and DeFi staking opportunities.

BSC is now being used extensively by various DeFi protocols, with the latest to leave Ethereum for the blockchain being multiservice platform Value DeFi and yield aggregator Harvest Finance, which cited cross-chain yield farming as the prime reason for the shift.

With NFTs in high demand, there’s a need for a full-featured NFT exchange and DeFi marketplace such as Juggernaut. Seeing the massive success of Ethereum native marketplaces such as Rarible and OpenSea, becoming the go-to BSC native NFT exchange is JGN’s mission.

“We are moving closer to all-in on BSC, and love the incredible progress we’ve seen in just a short time. It’s amazing to be part of a vibrant, fast-growing ecosystem like this!” said Nacho Llanillo, the Co-founder at Juggernaut.

— END —

About Juggernaut

Juggernaut (JGN) is a complete custom DeFi synthetics suite, governance, and NFT ecosystem with full BSC compatibility.

The goal is to offer the go-to BSC NFT Exchange. Think of JGN as the Rarible of BSC. Currently there’s a big market gap for NFTs because Ethereum is currently inefficient for certain use cases, and BSC has a vibrant community of NFT followers, looking for a place to trade and create BSC NFTs. That’s what inspired us to create jgnnft.com, an open place for the whole BSC community to trade NFTs. JGN offers unique NFT and DeFi infrastructure, games, collections and is building significant other NFT innovations. Juggernaut is building a unique BSC-focused ecosystem, full of exciting use cases, merging the possibilities of DeFi with NFTs”. JGN will aim to launch support for numerous other leading NFT BSC projects for a seamless, all-in-one experience.

JGN’s mission is to offer unique innovations and increased access to NFT assets. The project is building a unique ecosystem, full of exciting use cases, marrying the possibilities of DeFi with NFTs. When it comes to the DeFi and NFT movements, the time is now to create value for the world. Juggernaut aims to be at the forefront of this revolution and capitalize on the opportunities this technology brings. With Juggernaut, if you can dream it, you can do it.

• JuggerWORLD, our BSC Exclusive NFT exchange is “the place where the #BSC community trades NFTs”. Buy, sell and trade art, trading cards and other types of collectibles on the Binance Smart Chain! https://jgnnft.com

Twitter | Telegram | Medium | Website | BSC NFT Exchange | Github

About Binance Smart Chain

Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.

Docs |Blog | GitHub | Telegram | Twitter | BUIDL Reward Program | BSC Accelerator Fund