Hong Kong-based cryptocurrency startup Melotic is shutting down its digital asset exchange, citing a lack of growth.
Crypto 2.0 platforms Ethereum and Counterparty traded barbs in the media, while others aimed to take compliance efforts more seriously.
Koinify and Melotic are partnering to curate a marketplace of decentralized applications they hope can disrupt traditional VC funding.
Hong Kong's Melotic will spend its $1.175m investment to establish itself as a liquidity provider for various digital assets.