BBlum runs a decentralized exchange that matches orders off-chain and settles trades on-chain. It integrates with wallets like Trust Wallet and MetaMask, enabling users to trade in a single transaction without network switching or native gas fees. The platform supports localized P2P trading and a Telegram-based, mobile-first trading experience with gamified features. Revenue comes from transaction fees and potential partnerships and community initiatives. Blum differentiates itself by combining off-chain order matching with on-chain settlement, tight wallet integration, gas-free trading, and a mobile-first, Telegram-enabled interface to simplify crypto trading for a global audience. Its goal is to provide a convenient, efficient trading experience that lets users manage crypto activity across currencies without juggling multiple platforms.
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Industries
Company Size
51-200
Company Stage
Seed
Total Funding
$5M
Headquarters
Dubai, United Arab Emirates
Founded
2023
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Total Funding
$5M
Above
Industry Average
Funded Over
1 Rounds
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Blum Labs Inc. has launched a memepad, a trading bot across TON, Solana, and BNB Chain, and introduced spot trading in the mini-app.
To celebrate the launch of BNB Chain on the Blum Trading Bot, Blum Labs Inc. is launching the BNB Chain Blitz - a limited-time campaign offering premium gadgets and a total of $7,500 in USDT rewards.
Telegram-based trading platform Blum marked its first year of operations by participating prominently at Blockchain Forum 2025, one of the most important cryptocurrency gatherings in the CIS region.
Dubai, UAE, February 27th, 2025, ChainwireFuntico’s Chief Product Officer, Pavel Antohe, took center stage at AIBC 2025 in Dubai, participating in the high-profile panel ‘PLAY-TO-EARN: THE BEST STRATEGIES FOR DECENTRALIZED PLATFORMS AND SOCIAL MEDIA.’ Joined by Sam Shami of Cointelegraph and Gleb Kostarev of Blum.io, the discussion delved into the evolving landscape of Play-to-Earn (P2E) gaming and its future sustainability.Navigating Challenges in the Play-to-Earn SpaceThe P2E sector has faced significant turbulence, with over 30% of blockchain gaming projects either discontinued or cancelled in 2023. Many projects struggled with sustainability, user retention, and economic balance, leading to a critical reassessment of the strategies needed to ensure long-term success. Amidst these setbacks, Pavel Antohe shared valuable insights on the importance of community engagement, asset ownership, and hybrid approaches bridging Web2 and Web3 as key drivers for the industry’s revival.The Path Forward: Merging Web2 and Web3 for Sustainable GrowthRecognizing these challenges, Antohe highlighted that the key to revitalizing the sector lies in a more structured and adaptable approach. During the panel, he emphasized that the next wave of successful P2E games will depend on:Stronger Community Engagement: Building trust through meaningful interactions and incentives.Building trust through meaningful interactions and incentives. True Digital Ownership: Ensuring players have full control over their assets to foster long-term investment.Ensuring players have full control over their assets to foster long-term investment. Hybrid Integration: Merging familiar Web2 experiences with the advantages of Web3 decentralization.By combining these elements, developers can create more sustainable ecosystems that attract both traditional gamers and blockchain enthusiasts, bridging the gap between Web2 and Web3 gaming.Funtico’s Vision for the Future of Web3 GamingFuntico remains committed to innovating and shaping the future of decentralized gaming
UAE-based fintech Blum raised $5 million in a pre-seed and seed round.
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Industries
Company Size
51-200
Company Stage
Seed
Total Funding
$5M
Headquarters
Dubai, United Arab Emirates
Founded
2023
Find jobs on Simplify and start your career today
We update Blum's jobs every few hours, so check again soon!Browse all jobs