Web3 Wallet Omni Secures $11 Million Following Partnership
MediaWeb3 Wallet Omni Secures $11 Million Following Partnership With MEXC Ventures’Media reports state that Web3 wallet Omni declared in May this year that it had completed an equity financing for USD 11 million at a USD 50 million valuation. The Spartan Group, GSR Markets, Eden Block, OP Crypto, and other institutions were among the investors and MEXC Ventures, a fund under MEXC.All About OmniJames Stackhouse, Alex Harley, and Serafin Lion Engel founded Omni, formerly Steakwallet. It supports cross-chain token transfers and has built-in liquidity and staking features.Omni has developed middleware for smart contracts that allow users to stake tokens through more than 20 protocols and shows NFTs based on various blockchains on their mobile application. Omni will eventually integrate with more L2 networks, including zkSync, StarkNet, and others.“The primary hurdle that stands between users gaining access to 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 even a fraction of self-sovereignty,” Engel said in the announcement. “Especially after seeing the CeFi meltdown, we wanted to give users something that was as easy to use as CeFi, but 100% self-custodial and DeFi. And that’s what we’ve done with Omni.”Partnership with MEXCMEXC Ventures is a diversified fund devoted to the digital asset, cryptocurrency, blockchain, and other technology industries. It is associated with the cryptocurrency trading platform MEXC. It is dedicated to assisting teams and entrepreneurs in their long-term growth and success in the blockchain sector by offering expert consulting services, financial support, and technical assistance.The investment manager of MEXC Ventures said: “The future of blockchain is an organic ecosystem where multiple L1s and L2s intertwin. The wallet is the first step in the user’s web3 experience, and it is like a transportation hub. Thus, its ability to interoperate with each chain and layer smoothly is very important. Omni caters to the needs of the market and makes up for the shortcomings of current competing products. From a user experience point of view, it allows users to manage assets and interoperate contracts on each chain more conveniently.”MEXC Ventures has invested in various industries, including DeFi, NFT, GameFi, and blockchain infrastructure. Over 50 blockchain projects, including Avalanche, Mina, Qredo, Polkadot, Manta, Dorafactory, Raydium, and many more, have received funding from it.
Opera Launches Web 3 Browser
1. Moonwell To Launch On The Moonbeam Network
First, open lending, borrowing, and DeFi protocol Moonwell is set to go live on the Moonbeam Network. In fact, Moonwell is focused on creating workable solutions to the problems facing the fast-rising DeFi space. Some of these issues include:
．Low community engagement
．Sub-par user experience (UX)
．Lack of education, etc.
Moonwell will launch both on Moonriver (Moonwell Apollo)
and on Moonbeam (Moonwell Artemis).
2. Opera Launches Web 3 Browser
Second, the popular browser Opera has shown an increasing interest in the blockchain and cryptocurrency space. In line with this, the browser company has announced the beta launch of its “Crypto Browser Project”. Interestingly, the recently launched browser project is equipped with Web 3.0 features. With the new browser, interested persons will enjoy top-notch interoperability between apps that are compatible with the Opera wallet.
For now, Opera wallet currently only supports ETH-based dapps. However, plans are in place to incorporate both Polygon and Solana compatibility soon. Also, The beta version of the Web 3 browser is currently available for Mobile phones, Mac devices, and PC .
3. Theta Network Recent Price Rally
Theta Network is making waves in the crypto space in recent times. The decentralized video delivery platform is showing great potential in being one of the most profitable cryptos to hold in 2022.
The platform has disclosed details of several upcoming updates in 2022. Some of these updates include:
．Its upcoming NFT marketplace
．Also, ThetaDrop slated for February 1, 2021.
．Lastly, protocols like Meter Passport and ThetaBridge launch.
4. FEAR | Uno Re Partnership
Play-to-Earn (P2E) game FEAR has announced a strategic partnership with Uno Re. Uno Re is the world’s first-ever decentralized trading insurance and reinsurance platform. In fact, Uno Re will help insure and secure the P2E gaming platform NFTs from hacks, etc.
5. Sin City Metaverse Staking V2 Launch
Virtual metaverse with a Play-to-Earn (P2E) gaming strategy Sin City Metaverse has launched its V2 staking. And the launch took place today January 19, 2021, at exactly 9 pm (UTC).
Now, the reward pool for the staking is 2 million SIN tokens. In fact, there’s a lock-up period of 75days and a land sale whitelist minimum stake of 5,000 tokens.
Non-fungible tokens (NFTs) are currently one of the most explosive aspects of the entire blockchain and cryptocurrency space. Interest in NFTs have skyrocketed in recent times. Especially with the introduction of blockchain gaming, GameFi, and DeFi.
Not to be left out, Litecoin (LTC) has announced a strategic foray into the NFT space. The global payment processing platform, via OmniLite, will make it possible for interested persons to create and manage NFTs on Litecoin (LTC).
OmniLite for Litecoin will help bring new possibilities to the Litecoin Foundation. Creating more use cases for digital assets. The introduction of NFTs to the Litecoin ecosystem is just one of such possibilities. With OmniLite, interested persons will be able to issue, create, and manage NFTs without leaving the Litecoin ecosystem.
Omni to OmniLite
The recently launched OmniLite platform is based on the initial Omni protocol, also known as Mastercoin. Bitcoin also made use of OmniLite as its secondary layer on its blockchain. Popular stablecoin Tether (USDT) also initially went live on Omni in 2014.
Approximately three years Later, USDT became an ERC-20 token, moving from Omni to Ethereum.
The recently launched OmniLite platform was created by the combined effort of both Omni and Litecoin developer Loshan. With OmniLite, Litecoin Foundation users will be able to create and manage assets on the LTC blockchain. Quite similar to Omni, which makes use of the Bitcoin network , OmniLite will operate using the OP_RETURN. This means that tokens generated on OmniLite will be an extension of Litecoin. Therefore, transactions using these tokens will be recorded on the LTC blockchain.
Launched in 2011, payment processing platform Litecoin was a fork of the world’s first digital currency, Bitcoin. Interestingly, Litecoin was once referred to as “the silver to bitcoin’s gold.” According to reports, the introduction of NFTs to Litecoin is a bid to stay relevant. As the NFT space is fast becoming one of the top spheres of the cryptocurrency space.
OmniLite will provide LTC users with the ability to create tokens, smart contracts, NFTs, and also stablecoins.
The development of blockchain is getting faster and faster, how to keep up with the trend is the biggest test of making wealth, UFT launches various financial products that allow you to easily invest in the DEFI industry, Simple operation and intuitive interface make investing no longer a complicated thing, It also allows you to connect to DEFI faster, and the platform has also launched various products one after another, It is a new choice for investment.
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