Web 3 Wallet Omni partners with MEXC Ventures

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According to media sources, Web3 Omni Wallet announced that it 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 more.

What is Omni?

Omni was formerly called Steakwallet and was founded by Serafin Lion Engel, Alex Harley and James Stackhouse. It has built-in liquidity and staking features, and helps users transfer tokens between chains.

Currently, Omni has built a smart contract middleware, which helps users stake tokens through more than 20 protocols, and displays NFTs based on different blockchains on their mobile app. Going forward, Omni will integrate with zkSync and StarkNet and other L2 networks.

“The number one barrier that is keeping users from accessing 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 any would -what a fraction of self-sovereignty,” Engel said in the announcement. “Especially after seeing the collapse of CeFi, we wanted to give users something as easy to use as CeFi, but 100 % self-preserved and DeFi. And that’s what we did with Omni.

MEXC partnership

MEXC Ventures, affiliated with the MEXC cryptocurrency trading platform, is a diversified fund dedicated to digital assets, cryptocurrency and blockchain and other technology industries. She is committed to helping entrepreneurs and teams in their development and long-term success in the blockchain industry by providing professional consulting services, technical and financial support.

MEXC Ventures Chief Investment Officer 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’s like a transportation hub. So, its ability to interact with each channel and layer smoothly is very important. Omni responds to market needs and compensates for the shortcomings of current competing products. From a user experience perspective, this allows users to manage assets and interoperate contracts across each chain more easily. »

Currently, MEXC Ventures has invested in blockchain infrastructure, DeFi, NFT, GameFi and other sectors. It has invested in over 50 blockchain projects including Avalanche, Mina, Qredo, Polkadot, Manta, Dorafactory, Raydium and many more.

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