Recently, Aikon, a multi-chain onboarding platform, announced a $10 million Series A Funding Round. The funding round was led by Morgan Creek Digital, an institutional blockchain investment firm. In addition, among the participants of the investment round were Blizzard, Avalanche ecosystem fund, Up2 Opportunity Fund, and Yugen partners, as well as investors such as H Decia Investments, Mighty Capital, Alpha Edison, and Think + Ventures.
About the Series A Investment Round
Aikon said in a statement after the tour that Morgan Creek’s CEO Mark Yusko and venture partner W.Scott Stornetta will join the company’s board of directors.
Aikon is an organization founded in 2017 that aims to accelerate the integration of blockchain into human life with simple onboarding solutions for businesses and users. Built on the Open Rights Exchange (ORE) network, Aikon is powered by the ORE token. According to the company’s statement, those involved in the investment round purchased ORE tokens to buy shares in the ORE network. With the capital raised from this funding round, Aikon will strengthen its staff of blockchain experts to meet the growing demand for ORE ID.
“We started the project in 2017 during which time the ICO craze was also happening and have seen the ups and downs of this industry. But one thing remains constant – our resolve to build useful things,” Marc Blinder, Aikon CEO and founder said in a statement.
As another part of the investment round, Aikon opens the doors of Aikon and ORE network to more than 16,000 developers and an ecosystem of more than 500 dApps by adding compatibility for the Avant-Garde blockchain.
Blizzard’s Joshua Hecht shared, “AIKON helps make blockchain accessible for the 99% of Internet users who do not currently use blockchain apps. We are excited to support Marc and his team’s ambition to streamline access to Web3 via the Avalanche ecosystem.”
”Their embedded wallet registry, coupled with the ORE Token, creates a practical path towards truly universal self-sovereign identity,” said Stornetta in a statement.
Aikon simplifies the complex blockchain and crypto technology. Algorand has a number of products built on the ORE Network ($ORE) for corporate companies that want to provide a seamless user experience working cross-chain with Ethereum, EOS and more.
Blizzard is a $200 million fund that accelerates development, growth and innovation in the Avalanche ecosystem and beyond, consisting of contributions from the Avalanche Foundation, Ava Labs, Polychain Capital, Dragonfly Capital, CMS Holdings, Republic Capital.
About Morgan Creek Digital
Morgan Creek Capital Management, LLC is an SEC-registered investment advisory firm that provides investment management services to institutional and qualified clients such as endowments, pension plans, foundations, and family offices.