Aikon, a San Francisco, CA-based provider of Web3 onboarding solutions, raised $10M in Series A funding.
The round was led by Morgan Creek Digital with participation from Blizzard the Avalanche Fund, Up2 Opportunity Fund, Hestia Investments, Yugen Partners, Mighty Capital, Alpha Edison, Think+ Ventures and ORE Tokens. In conjunction with the funding, Mark Yusko and W. Scott Stornetta will be part of AIKON’s Board.
Led by CEO Marc Blinder, Aikon aims to accelerate blockchain technology adoption by providing secure onboarding solutions for businesses, developers and consumers. Their solutions are built on the Open Rights Exchange (ORE) Network, powered by the ORE Token, that allow users to tap into the benefits of many blockchains including Ethereum, Polygon, Algorand, Telos, and WAX.
The company’s multi-chain authentication and wallet creation solution, ORE ID, is already integrated into the industry’s leading businesses and decentralized applications (dApps) including AllianceBlock, RFox, NFT Battle Miners, EarnFi and more. ORE ID is actively used in 12 countries and the company is on target to grow ORE ID users to 400,000 by the end of 2022.
As part of the Series A investment, Aikon is adding compatibility for the Avalanche blockchain, opening up it and the ORE Network to an engaged Avalanche ecosystem of over 16,000 developers and 500-plus dApps.
The company intends to use the funds to to grow its team of blockchain experts to support the increasing demand for ORE ID.
FinSMEs
29/09/2022