DeFi platform Legends completes $15 million in financing, with a16z and Coinbase Ventures participating in investment

PANews February 11th news, according to Fortune Magazine, decentralized financial platform Legends announced its first round of financing, raising $15 million from Andreessen Horowitz (a16z) and Coinbase Ventures.

Legends, launched by former Compound CEO Jayson Hobby and two other former Compound executives, will improve the foundation they and colleagues have built in Compound. Instead of forcing them to log in to multiple different applications to use their cryptocurrency, Legends will provide users with decentralized financing. The company's current focus is to strive to list on the Apple App Store and build a reliable user base. In the future, Legend plans to generate revenue through subscriptions.