Web3 Wallet Omni Completes $11 Million Financing, MEXC Ventures, Spartan and Others Participate

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Web3 Wallet Omni Completes  Million Financing, MEXC Ventures, Spartan and Others Participate
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The Web3 wallet Omni announced that it completed an equity financing of $11 million at a valuation of $50 million in May this year. MEXC Venture, a fund under MEXC, announced that it participated in this round of financing.

This article is an extensive editorial, written and provided by MEXC, and does not represent the position of the moving area.

according toAccording to media news, Web3 wallet Omni announced that it had completed an equity financing of US$11 million at a valuation of US$50 million in May this year. The participating investors included MEXC Ventures, a fund under MEXC. Other participating parties include Spartan Group, GSR Markets, Eden Block, OP Crypto, etc.

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Omni used to be 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 across chains.

At present, Omni has built a smart contract middleware that supports users to pledge tokens through more than 20 protocols, and displays NFTs based on different blockchains on the mobile app. In the future, Omni will support integration into more L2s such as zkSync and StarkNet. network.

“The main barrier for users to enter the future of the Internet is ease of use,” Engel said in the announcement. “That’s why we built Omni: a very easy-to-use Web 3 application that can be used without sacrificing even a small fraction of self-sovereignty. “Especially after seeing CeFi crash, we wanted to give users something as easy to use as CeFi, but 100% self-custody and decentralized finance. That’s what we did with Omni. “

MEXC Ventures, affiliated to the cryptocurrency trading platform MEXC, is a diversified fund dedicated to digital assets, cryptocurrency and blockchain and other technology industries. It is committed to helping entrepreneurs and teams by providing professional consulting services, technical and financial support. Long-term development and success in the blockchain industry.

The investment manager of MEXC Ventures said: “The future of the blockchain is an organic ecology intertwined by multiple L1 and L2. As the first step in the user’s web3 experience, the wallet is the first step in the user’s web3 experience. The ability to interact with each chain and layer like a transportation hub is It is very important. Omni caters to the needs of the market and makes up for the shortcomings of current competing products. From a user-friendly perspective, it allows users to manage assets on each chain more conveniently and interact with contracts.”

At present, MEXC Ventures has invested in multiple tracks such as blockchain infrastructure, DeFi, NFT, GameFi, etc. The investment projects include more than 50 blockchains such as Avalanche, Mina, Qredo, Polkadot, Manta, Dorafactory, Raydium, etc. project.

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