PyratzLabs Acquires Decentralized Exchange Vortex to Strengthen Its Web3 Portfolio

Paris, France — Sept. 2023, PyratzLabs, a leading startup studio focused on building the next generation of Web3 ventures, has acquired Vortex, a decentralized exchange (DEX) platform known for its trading platform for digital assets.

This acquisition marks a strategic move for PyratzLabs as it expands its footprint in the decentralized finance (DeFi) ecosystem. By integrating Vortex into its portfolio, PyratzLabs aims to accelerate development and improve accessibility to decentralized trading tools for both retail and institutional users.

“We’re excited to build on this foundation and bring additional product, tech, and go-to-market resources to integrate Vortex into Equisafe so our platform can reach its full potential”, said Bilal El Alamy, co-founder of Pyratz Labs.

Ben Constanty originally designed the DEX to drive adoption of the Tezos blockchain by improving access to on-chain liquidity. “We were glad the Tezos Foundation backed the project after recognizing the need for more DEX infrastructure on the network. We reached nearly $100M in cumulative trading volume and $20M+ in total liquidity, which was an amazing milestone for the ecosystem,” he said.

Vortex was initially launched to give users a lightweight yet powerful decentralized trading experience, with a clean interface and strong focus on user security. The platform will continue to operate under the Vortex brand in the short term, with upcoming upgrades planned in collaboration with PyratzLabs’ in-house product and engineering teams.

The deal reflects PyratzLabs’ continued belief in the long-term potential of open finance, as the studio continues to back and build high-conviction Web3 products that solve real-world problems.

About PyratzLabs
PyratzLabs is a Web3 startup studio based in Paris that backs ambitious founders building blockchain-native solutions. With a unique mix of capital, technical expertise, and product support, PyratzLabs helps early-stage Web3 ventures go from 0 to 1.

About Vortex
Vortex is a decentralized exchange (DEX) platform designed for fast, intuitive, and secure token trading on the Tezos platform. Vortex has gained traction with its clean interface and the support of the growing Tezos community.

For press inquiries, contact:
Peiyao Qiu
paiyao.qui@pyratzlabs.com
pyratzlabs.com