Xverse Secures $5M to Become the MetaMask of itcoin">Bitcoin
itcoin">Bitcoin wallet startup Xverse has raised $5 million in a seed round led by Jump Crypto to build out its vision of becoming the one-stop wallet for the itcoin">Bitcoin ecosystem.
Xverse offers a browser and mobile wallet designed to integrate seamlessly with itcoin">Bitcoin native protocols like Ordinals, Lightning Network, and Stacks. The company sees itcoin">Bitcoin as the next frontier for decentralized apps and NFT projects.
The funding round included notable crypto investors like Franklin Templeton and itcoin">Bitcoin Frontier Fund. The fresh capital will help Xverse expand its team and develop advanced features to power web3 applications on itcoin">Bitcoin.
A key part of Xverse’s strategy is supporting Ordinals, which allows creating NFT-like assets directly on the itcoin">Bitcoin blockchain. Xverse quickly rolled out Ordinals integration earlier this year, establishing itself as a leader in the space.
Xverse founder Ken Liao sees immense potential in unlocking itcoin">Bitcoin’s $1 trillion market cap for advanced smart contract functionality through protocols like Ordinals. He wants Xverse to support any promising project that can bring utility to itcoin">Bitcoin.
While VC interest in crypto startups has declined recently, investors are still excited about expanding itcoin">Bitcoin’s capabilities beyond just payments. Xverse aims to capitalize on this interest by becoming the MetaMask-like wallet for the entire itcoin">Bitcoin ecosystem.
