Bitcoin Web3 Wallet Xverse Raises $5 Million in Seed Round
Xverse, a Hong Kong-based Web3 wallet focused on Bitcoin and blockchain technology, has successfully secured $5 million in a seed funding round.
The funding drive was led by the prominent industry investor, Jump Crypto.
This financial injection is poised to catapult Xverse’s development efforts, particularly in the world of decentralized finance (DeFi), and other innovative Bitcoin scaling solutions.
A Collaborative Endeavor: Diverse and Notable Investors
Beyond the instrumental role played by Jump Crypto, Xverse also secured investments from a constellation of prominent entities, including RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, and Old Fashion Research, among others.
This strategic alignment of vision and resources positions Xverse on a trajectory of growth and innovation, with the collective expertise of its investors serving as a compass for the company’s future endeavors.
Driving Decentralization: Unveiling Xverse’s Ambitious Mission
Xverse, guided by its dynamic team, is on a mission to empower cryptocurrency enthusiasts with a seamless and secure Web3 wallet experience.
The company’s strategic focus on Bitcoin and blockchain technology underscores its commitment to revolutionize the way users interact with and manage their digital assets.
We’re thrilled to announce our $5M seed round led by @jump_ with participation from @Sfermion_ @Rockaway_X @alliancedao @BitcoinMagazine @NGC_Ventures @FTI_DA and others.— Xverse - Bitcoin Wallet for Web3 (@xverseApp) August 10, 2023
With +350k downloads, Xverse sets a new standard for Bitcoin wallets.
Ordinals: Pioneering NFT Generation on the Bitcoin Blockchain
Central to Xverse’s innovation ecosystem is its support for Ordinals, an ingenious methodology for generating non-fungible tokens (NFTs) on the Bitcoin blockchain.
This groundbreaking approach utilizes inscription as its cornerstone and was formally introduced in January.
Notably, this unique approach garnered significant attention, with daily new inscriptions soaring to an impressive 350,000 last month.
A Multi-Platform Approach: Accessing Xverse Anywhere, Anytime
Xverse’s commitment to accessibility and user convenience is exemplified by its availability across multiple platforms.
Users can seamlessly engage with Xverse through iOS and Android devices, as well as a user-friendly Chrome extension.
This multi-pronged approach ensures that users can harness the power of Xverse regardless of their preferred digital ecosystem.
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