Web 3 Wallet Omni Partners with MEXC Ventures

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According to media sources, the Web3 Omni wallet announced that it had completed an equity financing of US$11 million at a valuation of US$50 million in May this year. Investors included MEXC Ventures, a fund under MEXC, as well as Spartan Group, GSR Markets, Eden Block, OP Crypto and others.

What is Omni?

Omni was 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 chips to chains.

Currently, Omni has built smart contract middleware that supports users to stake tokens through more than 20 protocols and displays NFTs based on different blockchains on their mobile app. In the future, Omni will be integrated into zkSync and StarkNet and more L2 networks.

“The main barrier standing between users accessing the future of the Internet is ease of use. That’s why we created Omni: an incredibly easy-to-use Web 3 app that can do it all without sacrificing an iota of autonomy,” Engel said in the release. “Especially after seeing the collapse of CeFi, we wanted to give users something as easy to use as CeFi, but 100% self-service and DeFi. And that’s what we did with Omni.”

Cooperation MEXC

MEXC Ventures, affiliated with 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 growth and success in the blockchain industry by providing professional consulting, technical and financial support.

MEXC Ventures investment manager said: “The future of blockchain is an organic ecosystem where multiple L1s and L2s are interconnected. The wallet is the first step in the user’s web3 experience and is like a transport hub. So its ability to interoperate smoothly with every chain and layer is very important. Omni responds to market needs and makes up for the shortcomings of today’s competing products. From a user experience perspective, it allows users to manage assets and interoperate contracts on each chain more conveniently.”

Currently, 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 more.

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