TL;DR
-
Xverse just raised a $5 million seed round led by Jump Crypto.
-
Available as a Chrome browser extension and mobile app, the “Xverse Wallet” is aimed at applications of Bitcoin beyond the typical financial use case.
-
While this has literally been the longest bear market in cryptocurrency history, news like the Xverse increase gives us a lot of hope for that the end is near.
Full story
Usually the saying goes “we have good news and we have bad news”.
But on this occasion we have only good news.
Why? Because Xverse just raised a $5 million seed round led by Jump Crypto.
Who is Xverse? And why is this such good news?
You can think of Xverse as: ‘enablers of creative’.
(Sounds weird, but hear us out).
Available as a Chrome browser extension and mobile app, the “Xverse Wallet” is aimed at applications of Bitcoin beyond the typical financial use case.
Think of: ordinal numbers, the Lightning Network and Stacks.
This is great news for a number of reasons.
-
What do I smell? Mmmmm the sweet, sweet smell of liquidity returning to the Web3 market.
Liquidity = money. Money from professional investors, money from institutional investors, money from private investors.
-
You know how we called them ‘enablers of creative’? While we’ve been critical of BTC’s use in the past, alongside the original “digital gold,” we realize that the genie is out of the bottle (and now think that’s a good thing).
That’s a good thing, because creativity drives industries. It opens the world to new ideas and creates wealth along the way. Xverse helps with that.
It’s our job to look at all the news in the Web3 space and report on the most important things we see.
While this has literally been the longest bear market in cryptocurrency history, news like the Xverse increase gives us a lot of hope for that the end is near.
Time will tell!