According to Odaily Planet Daily, IVX, a native options protocol based on Berachain, has completed a $1.2 million seed round of financing on the X platform. Animoca Ventures and AVID3 led the investment, and Big Brain Holdings, Web3Port, Cogitent Ventures, Forbole, SerDAO, Autistic Waterfowl Venture Capital, and a group of angel investors participated in the investment. The valuation data has not been disclosed yet.

IVX is built on the Berachain Polaris EVM technology stack, providing zero-day expiration (0DTE) options for crypto assets in a permissionless and secure manner, with no liquidation risk for buyers and allowing users to achieve high leverage exposure with minimal capital. Its IVX Artio testnet is now open.