TechFlow reports that Xverse, a Bitcoin Web3 wallet, has raised $5 million in seed funding led by Jump Crypto, with participation from RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research, 2140 Bitcoin Ecosystem Fund, Bitcoin Frontier Fund, Newman Capital, Franklin Templeton, New Layer Capital, Miton C, Gossamer Capital, Daxos Capital, Sora Ventures, Tyhke Block Ventures, IOBC Capital, and Despread. The new capital will accelerate the development of advanced features related to decentralized finance (DeFi) and Bitcoin scaling solutions such as Stacks, Lightning, and others.
Xverse, headquartered in Hong Kong, supports the Ordinals and BRC-20 protocols and recently announced integration with Ledger hardware wallets.
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