July 04, 2024
UniSat Wallet, a wallet extension for browsers, has finalized a Pre-A financing round. This strategic round was spearheaded by Binance Labs, the incubation division of the global cryptocurrency exchange, Binance.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
UniSat Wallet | July 04, 2024 | Pre-A | Binance Labs | Wallet |
This investment signifies a crucial juncture for UniSat, which has risen to prominence in the Bitcoin Ordinals and BRC-20 service industry. The wallet facilitates a smooth experience for users in managing their Bitcoin and Ordinals, with a strong emphasis on security and user-friendliness.
The alliance between Binance Labs and UniSat represents a robust partnership with a shared goal of propelling technological progress and broadening commercial prospects within the Bitcoin ecosystem. However, the exact amount invested in this round has not been disclosed.
About UniSat Wallet
UniSat Wallet is a browser extension wallet that provides a safe and easy way for users to store, send, and receive bitcoins and Ordinals on the bitcoin blockchain. It is the world’s first open-source Chrome wallet for Ordinals.
The wallet is non-custodial, meaning UniSat never has access to your funds. It does not store your seed phrase, password, or any private information. Your accounts are derived from your Secret Recovery Phrase. The private keys are encrypted on your device by your password and are never shared with anyone.
Website: https://unisat.io/
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About Investor
Investor: Binance Labs
Binance Labs is the venture capital and incubator arm of Binance, a leading cryptocurrency exchange. With a portfolio worth over $10 billion, Binance Labs is dedicated to identifying, investing in, and empowering viable blockchain entrepreneurs, startups, and communities. It provides financing to industry projects that help grow the wider blockchain ecosystem.
Binance Labs is committed to supporting fast-executing, technical teams who positively impact the crypto space and build the decentralized web. Its portfolio covers 250 projects from over 25 countries across six continents and has a return-on-investment rate of over 14X2. Fifty of Binance Labs’ portfolio companies are projects that have gone through their incubation programs.
Location: Hong Kong, Hong Kong
Website: https://labs.binance.com/
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