Xverse, a HongKong Bitcoin Web3 wallet, raised $5m in seed funding.
The round was led by Jump Crypto, with participation from RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research, 2140 Bitcoin Ecosystem Fund, Bitcoin Frontier Fund, Newman Capital, Franklin Templeton, New Layer Capital, Miton C, Gossamer Capital, Daxos Capital, Sora Ventures, Tyhke Block Ventures, IOBC Capital, and Despread.
The company will use the funds to accelerate advanced features around DeFi, Stacks, Lightning, and other Bitcoin scalability solutions.
Xverse is a Bitcoin wallet for Web3, providing first-class support for Ordinals, NFTs, DeFi, and decentralized applications. It is available on iOS, Android, and desktop as a Chrome browser extension.
The company recently announced support for Ledger hardware wallets, offering cold-storage security options for Ordinals and BRC-20 tokens. So far, it has had over 350,000 downloads.
The names of the strategic angels who participated in the funding round.
The fact that Xverse is led by Ken Liao, founder and CEO.
The fact that Xverse lets users securely manage Bitcoin on layer 1 as well as layer 2 networks like Stacks, and soon, the Lightning Network.
The fact that Xverse recently announced support for Ledger hardware wallets offering cold-storage security options for Ordinals and BRC-20 tokens.
The fact that Xverse has had over 350,000 downloads.
