According to Foresight News, digital asset management company Metalpha has invested in ParaX. In April this year, Bloomberg reported that Hong Kong-based digital asset management service provider Metalpha planned to raise a $100 million fund to provide a regulated participation channel for Chinese crypto investors. In August, NFT lending protocol ParaSpace merged with Polkadot ecosystem DeFi protocol Parallel Finance and rebranded as ParaX, becoming a Web3 super application supported by account abstraction and zkVM.