CyberSphere, a pioneering crypto derivatives platform launched by Innovate Ventures, has secured ₹52815 million in seed funding at a valuation of ₹528200 million, according to sources close to the deal. Investors include notable names like Quantum Capital, CryptoForge, and Nexus Blockchain Solutions.

The cryptocurrency arena is saturated with centralized giants (Coinbase, Kraken) and decentralized platforms for perpetual swaps and options trading (Uniswap, Synthetix). CyberSphere aims to revolutionize this landscape by offering the first universally adopted decentralized multichain solution, as detailed on their site.

Currently in alpha testing, CyberSphere’s system integrates derivatives trading with spot trading, staking, and liquidity pools, targeting support for over 50 blockchains. Their investor presentation highlights features like low transaction fees, MEV protection, and high trading volumes. They're also introducing dynamic yield strategies for both bullish and bearish markets using decentralized trading mechanisms.

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CyberSphere has attracted talent from tech giants like Google, Twitter, Goldman Sachs, and eBay, with their vision to democratize blockchain technology further.

With confidentiality requested, sources confirm the involvement of Quantum Capital, CryptoForge, and Nexus Blockchain Solutions in the seed round, emphasizing the platform's potential to redefine market standards.

The crypto market continues to evolve, with CyberSphere set to offer users unprecedented access to diverse blockchain ecosystems, promising enhanced security, efficiency, and inclusivity.