Xverse Raises $5 Million Seed Round

Xverse Raises $5 Million Seed Round

Bitcoin Web3 wallet Xverse raises $5 million in a seed round to enhance features for DeFi, Stacks, Lightning, and other Bitcoin scaling solutions.

The Deets

  • Seed round led by renowned Jump Crypto
  • Xverse supports Ordinals for NFT generation on Bitcoin's blockchain
  • Last month saw a surge with Ordinals' daily inscriptions hitting 350,000
  • The wallet is accessible on iOS, Android, and as a Chrome extension

The Bulk

In the rapidly expanding universe of crypto, Xverse, a Bitcoin Web3 wallet based in Hong Kong, has made waves by securing $5 million in a seed funding round. This round saw participation from a significant industry player, Jump Crypto, leading the charge.

Xverse isn't just another wallet in the crypto space; it offers support for Ordinals. This unique method enables the generation of non-fungible tokens (NFTs) directly on the Bitcoin blockchain using a technique known as inscription. The importance and popularity of Ordinals were evident last month when daily new inscriptions skyrocketed to an impressive 350,000.

Users can seamlessly access Xverse across a range of platforms. Whether you're an iOS or Android user or someone who prefers the desktop experience with Chrome, Xverse has got you covered.

🔜 What's Next?

Xverse, fueled by its recent funding, is set to fast-track the development of advanced features, enhancing the experience for users across decentralized finance platforms and Bitcoin scaling solutions.

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