The seed funding round for Xverse, a Bitcoin wallet that supports BRC-20 tokens and ordinals inscriptions, has raised $5 million.
A Bitcoin Wallet Xverse Successfully Completes Funding Round, Raising $5 Million
In accordance with Xverse, the round was led by Jump Crypto, with participation from Franklin Templeton, Sfermion, Alliance, NGC Ventures, and a number of additional investors. According to founder and CEO Ken Liao, the Hong Kong-based business began gathering money for the seed round a few months ago, and it only recently concluded. Regarding the round’s structure and valuation, he opted not to comment.
With the seed round, Xverse has already received $6 million in funding. When it was created in 2021, it received $1 million in pre-seed capital, according to Liao.
Xverse’s Future Plans
Since its inception, Xverse has served as a Bitcoin wallet. More recently, it has begun to handle ordinals inscriptions and BRC-20 tokens, which were created earlier this year and garnered popularity. In the future, Xverse intends to enable the Bitcoin Lightning Network, which facilitates quicker and less expensive transactions.
About Xverse
The first Bitcoin Web3 wallet and the most sophisticated is Xverse. By providing a gorgeously designed, simple-to-use wallet, Xverse, founded in 2021, enables people all around the world to access the full potential of Bitcoin for NFTs, DeFi, and dApps.
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