Web3 Wallet Omni Raises $11 Million USD With MEXC Ventures’ Partnership – CoinCheckup Blog
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
According to media sources, Web3 wallet Omni announced that it had completed $11 million in equity financing at a value of $50 million in May this year. Investors included MEXC Ventures, a fund under MEXC, as well as Spartan Group, GSR Markets, Eden Block, OP Crypto and more.
What is Omni?
Omnia was previously called Steakwallet and was founded by Serafin Lion Engel, Alex Harley and James Stackhouse. It has built-in liquidity and staking functions and supports users to transfer tokens between chains.
Currently, Omni has built smart contract middleware that supports users to stake tokens via more than 20 protocols and displays NFTs based on various blockchains on its mobile app. In the future, Omni will integrate with zkSync and StarkNet and other L2 networks.
“The number one barrier to user access to the future of the Internet is ease of use. That’s why we built Omni: an incredibly easy-to-use Web 3 application that can do everything without sacrificing a fraction of autonomy,” Engel said in a release. “Especially after seeing the collapse of CeFi, we wanted to offer users something that easy to use like CeFi, but 100% self-storage and DeFi. And that’s what we’ve done with Omni.”
Affiliated with cryptocurrency trading platform MEXC, MEXC Ventures is a diversified fund dedicated to digital assets, cryptocurrencies and blockchains, as well as other technology sectors. It is committed to helping entrepreneurs and Teams in their long-term development and success in the blockchain industry by providing professional consulting services as well as technical and financial support.
The investment manager of MEXC Ventures said: “The future of blockchain is an organic ecosystem where multiple L1s and L2s are intertwined. The wallet is the first step in the user’s web3 experience and is like a transportation hub. Therefore, its ability to work smoothly with each chain and layer is very important.Omni responds to the needs of the market and makes up for the shortcomings of current competing products.From a user experience perspective, it allows users to manage assets and make contracts more interoperably in each chain.
Currently, MEXC Ventures has invested in blockchain infrastructure, DeFi, NFT, GameFi and other sectors. It has invested in over 50 blockchain projects, including Avalanche, Mina, Qredo, Polkadot, Manta, Dorafactory, Raydium and many others.
Company: MEXC Exchange