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Bitcoin Web3 wallet Xverse has announced that it has received $5 million in seed funding.
This seed round brought Xverse's total funding to $6 million. When Xverse was founded in 2021, it had raised $1 million in pre-seed funding.
In the future, Xverse also stated that it has plans to support the Bitcoin Lightning Network. This network emerges as a solution that allows to perform faster and lower cost Bitcoin transactions.
This round of funding from Xverse took place in this year's difficult funding environment. Liao stated that with the new capital, Xverse aims to expand its existing 13-person team, especially with engineers.
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