Pre-Seed Investment Announcement

We’re delighted to announce today that Duet Protocol has closed the pre-seed round of investment. The round was led by OmniLAB Foundation, one of the early adopters of blockchain technology and the company behind the well-known brand OmniLayer.

OmniLayer is a Bitcoin-based blockchain layer 2 protocol that facilitates the creation and trading of smart properties and user currencies as well as other types of smart contracts. Most people recognize OmniLayer as the first protocol where Tether’s stable-coin( USDT) was launched.

Omni is dedicated to building sustainable ecosystems around blockchain to accelerate technology innovation and commercial adoption. Omni’s investment in Duet will accelerate the development of the now expanding space of synthetic assets in the DeFi industry.

Ben, who’s one of the members of OmniLayer and founder of OmniBOLT says,

“With years of innovation and contribution to the blockchain‌ industry, Omni has its own strategic plan for the DeFi industry. We are dedicated to incubating projects which have a significant breakthrough effect on the industry.”

He adds, “Duet is a promising project which breaks the barriers of trading between traditional assets and crypto-assets as well as removes the obstacles to access the high growth assets for the masses”.

Stay tuned for more exciting announcements including the “prelude mining” coming in the days (literally) ahead.

Please consider joining our community of individuals and companies dedicated to proving that DeFi is the way to the future.

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