Blockchain
Web3 Wallet Omni Raises $11 Million USD with MEXC Ventures’ Partnership
Toronto, Ontario–(Newsfile Corp. – September 17, 2022) – According to media sources, Web3 wallet Omni announced that it had completed an equity financing of $11 million USD at a valuation of $50 million USD in May this year. The investors included MEXC Ventures, a fund under MEXC, as well as the Spartan Group, GSR Markets, Eden Block, OP Crypto, and more.
MEXC X Omni
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What is Omni?
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 smart contract middleware, which supports users to stake tokens through more than 20 protocols, and displays NFTs based on different blockchains on their mobile application. In the future, Omni will integrate into zkSync and StarkNet and more L2 networks.
“The primary hurdle that stands between users gaining 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 it all without sacrificing even a fraction of self-sovereignty,” Engel said in the announcement. “Especially after seeing the CeFi meltdown, we wanted to give users something that was as easy to use as CeFi, but 100% self-custodial and DeFi. And that’s what we’ve done with Omni.”
MEXC Partnership
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 in their long-term development and success in the blockchain industry by providing professional consulting services, technical and financial support.
The investment manager of MEXC Ventures said: “The future of blockchain is an organic ecosystem where multiple L1s and L2s intertwine. The wallet is the first step in the user’s web3 experience, and it is like a transportation hub. Thus, its ability to interoperate with each chain and layer smoothly is very important. Omni caters to the needs of the market and makes up for the shortcomings of current competing products. From a user experience point of view, it allows users to manage assets and interoperate contracts on each chain more conveniently.”
At present, MEXC Ventures has invested in blockchain infrastructure, DeFi, NFT, GameFi and other sectors. It has invested in more than 50 blockchain projects including Avalanche, Mina, Qredo, Polkadot, Manta, Dorafactory, Raydium, and many more.
Contact:
Company: MEXC Exchange
Name: Jenny Sun
Contact: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137494
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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