Whetstone Research, which provides the onchain token creation and launch protocol Doppler, has raised a $9 million seed investment, The Block reported on Jan. 28. Pantera Capital led the round, with Variant, Figment Capital and Coinbase Ventures also participating.
Doppler became a new token launch platform on the Base network within 9 months of launch and plans to expand to other blockchains and asset classes, The Block reported.
Austin Adams (오스틴 애덤스), founder of Whetstone Research, said Doppler is “the platform chosen by teams that understand market formation is as important as the token itself.” He stressed that using Doppler makes it possible to implement an integrated solution within 2 weeks, covering token distribution, vesting, securing liquidity and governance.
Doppler also has a price discovery auction system to reduce the impact of sniping, or rapid buying, and secures protocol-owned liquidity so project teams can focus on product development rather than a market launch, The Block reported.
Doppler currently creates more than 40,000 assets a day and its cumulative trading volume has exceeded $1 billion.
Chi-gyu Hwang
delight@d-today.co.kr