Crossmint raised $23.6 million to expand its solutions that help companies and developers build blockchain apps.
The mentioned firm’s platform allows users to enhance the specified apps with a few lines of code and deploy wallets, tokenization, payments, on-chain credentials, and other building blocks for apps. The relevant information is contained in the Crossmint press release, which was published on Tuesday, March 18.
The firm’s platform is used by both publicly traded companies and startups and helps them do things like incorporate stablecoins, launch new financial products, build product passports to prevent counterfeiting and develop a reward program. This was stated by Crossmint co-founder Rodri Fernandez in a press release.
It was also noted in the press release that the company builds a framework for artificial intelligence agent-driven commerce in which AI agents make purchases on behalf of consumers. For this purpose, the firm provides wallets, payment interfaces, and credential APIs that allow AI agents to hold funds, trade assets, and purchase goods and services.
Moreover, the press release contains information according to which the company’s funding round was led by Ribbit Capital.
Zack Rosen, an investor at Ribbit Capital, stated that Crossmint has demonstrated its ability to unlock new revenue streams and drive cost efficiencies for major brands while building the financial infrastructure for the next generation of artificial intelligence-powered apps.
Recently, blockchain technology has been expanding into mainstream industries. At the same time, public blockchains are gaining momentum and challenging the dominance of private networks as advancements bolster their privacy and security features.
Rakurai, an infrastructure project centered around improving Solana staking, announced last week that it raised $3 million in a seed funding round. The company will use this money to support the launch of its Solana staking platform.
As we have reported earlier, Omni Raises $69 Million.
