Mark Cuban, 500 Global Participate in Blocto Wallet Series A Funding
Wednesday,22/02/2023|14:01GMTby
FM
Blocto's success reflects its commitment to being a key blockchain company in the industry
Image source: Mark Cuban. Getty Images
Blocto Wallet, a cross-chain wallet application and multi-chain Web3 ecosystem, has raised an undisclosed amount in Series A financing round, with investor Mark Cuban and venture capital firm 500 Global involved.
Global character brand IPX (formerly Line Friends) joined Cuban and 500 Global in the investment. Other previous Blocto investors and advisors Kevin Chou of Gen. G Esport, Roham Garegozlou, CEO of Dapper Labs, blockchain gaming giant Animoca Brands, and other notable names.
Blocto’s parent company portto reports user metrics continue to surge despite the extended downturn in the cryptocurrency markets. As of November 2022, Blocto had amassed 1.6 million users, and BloctoBay had become the most popular non-custodial non fungible token (NFT) marketplace on the Flow blockchain.
Blocto's success reflects its commitment to being one of the most influential blockchain companies in the industry, said Tony Wang, a managing partner at 500 Global. The continuous growth of Blocto users in the current environment is indicative of portto's vision and dedication to build towards achieving it, Wang said.
The investment round comes as Blocto aims to make blockchain technology more accessible and promote Web3 mass adoption with its multi-chain wallet and software development kit (SDK). The funds will support the company in its plans to onboard millions of users to crypto.
“Blocto's mission is to democratize access to the opportunities blockchain tech presents by creating simple-yet-powerful products that provide the same great UX across multiple blockchain ecosystems. We're thrilled to have attracted funding from investors that share our vision. With their support, we're better equipped than ever to onboard the next billion users to crypto," said Hsuan Lee, portto's co-founder and chief executive officer (CEO).
Blocto Wallet targets new crypto users
The Blocto Wallet enables users to manage their cryptocurrencies, decentralized applications (dApps), and NFTs all-in-one.
The wallet natively supports the Ethereum, Aptos, Solana, Flow, BNB Chain, Polygon, and Tron blockchains, and the company intends to expand into supporting promising new blockchain networks in the future. When Blocto expanded the wallet to the Aptos ecosystem it quickly became the second largest wallet on the network with more than 400,000 users.
Blocto aims to tackle the typical obstacles that new users who are unfamiliar with blockchain technologies encounter. It has simplified the often-confusing cryptographic key system that facilitates on-chain transactions. It has also designed an intuitive, blockchain-agnostic system for gas fees.
Blocto SDK simplifies onboarding
Blocto's software development kit (SDK) is designed to increase user acquisition in the Web3 ecosystem by strengthening cross-platform expansion. A 95% conversion rate (20x the industry standard), a less-than-30-second email login process, and a freemium model that streamlines gas fees and transactions make the wallet an attractive option for developers.
Edwin Yen, portto's co-founder and chief operating officer said: "Although we can see the full potential of blockchain technology, the main key to mass adoption is an easy user onboarding experience — something that Blocto provides. This is also why big consumer-facing companies such as Yahoo, MotoGP Ignition, and Gogoro all choose Blocto as their exclusive partner to explore the Web3 world."
Blocto Wallet, a cross-chain wallet application and multi-chain Web3 ecosystem, has raised an undisclosed amount in Series A financing round, with investor Mark Cuban and venture capital firm 500 Global involved.
Global character brand IPX (formerly Line Friends) joined Cuban and 500 Global in the investment. Other previous Blocto investors and advisors Kevin Chou of Gen. G Esport, Roham Garegozlou, CEO of Dapper Labs, blockchain gaming giant Animoca Brands, and other notable names.
Blocto’s parent company portto reports user metrics continue to surge despite the extended downturn in the cryptocurrency markets. As of November 2022, Blocto had amassed 1.6 million users, and BloctoBay had become the most popular non-custodial non fungible token (NFT) marketplace on the Flow blockchain.
Blocto's success reflects its commitment to being one of the most influential blockchain companies in the industry, said Tony Wang, a managing partner at 500 Global. The continuous growth of Blocto users in the current environment is indicative of portto's vision and dedication to build towards achieving it, Wang said.
The investment round comes as Blocto aims to make blockchain technology more accessible and promote Web3 mass adoption with its multi-chain wallet and software development kit (SDK). The funds will support the company in its plans to onboard millions of users to crypto.
“Blocto's mission is to democratize access to the opportunities blockchain tech presents by creating simple-yet-powerful products that provide the same great UX across multiple blockchain ecosystems. We're thrilled to have attracted funding from investors that share our vision. With their support, we're better equipped than ever to onboard the next billion users to crypto," said Hsuan Lee, portto's co-founder and chief executive officer (CEO).
Blocto Wallet targets new crypto users
The Blocto Wallet enables users to manage their cryptocurrencies, decentralized applications (dApps), and NFTs all-in-one.
The wallet natively supports the Ethereum, Aptos, Solana, Flow, BNB Chain, Polygon, and Tron blockchains, and the company intends to expand into supporting promising new blockchain networks in the future. When Blocto expanded the wallet to the Aptos ecosystem it quickly became the second largest wallet on the network with more than 400,000 users.
Blocto aims to tackle the typical obstacles that new users who are unfamiliar with blockchain technologies encounter. It has simplified the often-confusing cryptographic key system that facilitates on-chain transactions. It has also designed an intuitive, blockchain-agnostic system for gas fees.
Blocto SDK simplifies onboarding
Blocto's software development kit (SDK) is designed to increase user acquisition in the Web3 ecosystem by strengthening cross-platform expansion. A 95% conversion rate (20x the industry standard), a less-than-30-second email login process, and a freemium model that streamlines gas fees and transactions make the wallet an attractive option for developers.
Edwin Yen, portto's co-founder and chief operating officer said: "Although we can see the full potential of blockchain technology, the main key to mass adoption is an easy user onboarding experience — something that Blocto provides. This is also why big consumer-facing companies such as Yahoo, MotoGP Ignition, and Gogoro all choose Blocto as their exclusive partner to explore the Web3 world."
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You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
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In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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📸 Instagram: https://www.instagram.com/financemagnates
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👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
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Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
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Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
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According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
