Web3 app Kresus raises $25M to bridge customers to blockchain

Web3 app developer Kresus has closed a $25 million funding spherical to assist the event of its so-called SuperApp, probably opening the door to broader shopper adoption of digital belongings. 

The Collection A funding spherical was led by Liberty Metropolis Ventures, with further participation from JetBlue Ventures, Craft Ventures, Franklin Templeton, Marc Benioff and Cameron and Tyler Winklevoss. Kresus mentioned the capital would go towards product improvement and hiring.

Kresus is presently creating SuperApp, a Web3 platform that permits crypto customers to purchase and promote digital items resembling nonfungible tokens, entry monetary providers and create a common identification for his or her web exercise.

The corporate mentioned its forthcoming app would assist customers bridge the hole to Web3 — a obscure idea that refers to some future iteration of the web powered by blockchain expertise.

Whereas Web3 as an idea stays underdeveloped, startups promising to ship the primary wave of Web3 services and products have attracted sizable investments from enterprise capital. Based on Cointelegraph Analysis, Web3 was the main target of 182 enterprise funding offers within the fourth quarter. There have been 616 particular person Web3 offers in 2022 totaling $9.2 billion — solely blockchain infrastructure tasks garnered extra curiosity by way of funding.

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The newest high-profile Web3 partnership concerned Google Cloud, which introduced in February that it might turn into a validator for the Tezos blockchain. Google Cloud’s head Web3 engineer mentioned that the Google subsidiary is working to supply “safe and dependable infrastructure for Web3 founders and builders to innovate and scale their functions.”