Bitcoin Web3 wallet Xverse secures $5 million in seed funding round with Jump Crypto as lead investor

Bitcoin (BTC), with a market cap of $600 billion, is showing great potential in the DeFi and NFT markets. The rise of Ordinals, the fastest-growing layer-2 protocol in Bitcoin’s history, has brought significant attention to the ecosystem and increased demand for compatible infrastructure. Xverse, a Bitcoin Web3 wallet that supports Ordinals and BRC-20 inscriptions, has gained momentum in the past year and has been downloaded over 350,000 times. Its user-friendly interface on iOS, Android, and Chrome extension has set a new standard for Bitcoin wallets and is driving mainstream adoption.

Xverse recently raised $5 million in seed funding, led by Jump Crypto and with participation from various investors. This funding will enable Xverse to accelerate advanced features related to DeFi, Stacks, Lightning, and other Bitcoin scalability solutions. Xverse has also announced support for Ledger hardware wallets, making it the first Ordinals-focused wallet to offer cold-storage security options.

The team at Xverse was awarded first prize at Paris Blockchain Week’s startup competition, further cementing its position as a premier gateway to the Bitcoin ecosystem. It is the most integrated Bitcoin wallet and has partnerships with industry giants such as OKX and Magic Eden. The recent “Bitcoin Renaissance” driven by Ordinals has attracted builders and funding, providing a solid foundation for continued growth.

Xverse is a leading Bitcoin wallet for Web3, providing support for Ordinals, NFTs, DeFi, and decentralized applications. Its easy-to-use wallet is available on iOS, Android, and desktop, and it allows users to securely manage Bitcoin on layer 1 and layer 2 networks like Stacks and the Lightning Network.

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