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Blockchain

Web3 Wallet Omni Raises $11 Million USD with MEXC Ventures’ Partnership

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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?

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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 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.

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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

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Contact: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137494

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities

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Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.

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Blockchain

Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum

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Blockchain

Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models

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Automotive Finance Market

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