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Usha Yadav
Sep 29, 2022
by Usha Yadav

Multi-chain Onboarding Platform, AIKON, Raises $10 Million

AIKON

Table of contents

  1. ORE Network
  2. AIKON Wallet Creation Solution
AIKON, a multi-chain onboarding platform, announced that a $10 million Series A equity investment round headed by Morgan Creek Digital had been successful. Mark Yusko, the CEO of Morgan Creek, and W. Scott Stornetta, a venture partner, would join the board of directors, according to a release from AIKON. Blizzard (Avalanche Fund), Up2 Opportunity Fund, and Yugen Partners are additional investors in the round, along with Alpha Edison, Think+ Ventures, and Mighty Capital.

ORE Network

AIKON, a startup founded in 2017, intends to hasten the adoption of blockchain by providing easy onboarding options for consumers and businesses. AIKON is powered by the ORE token and developed on the Open Rights Exchange (ORE) network.

AIKON aims to accelerate the adoption of blockchain technology by offering quick, secure onboarding options for customers, developers, and enterprises. The requirement for cross-chain solutions would be crucial as the industry develops and has several significant blockchains. To give its users access to the advantages of numerous blockchains, including Ethereum, Polygon, Algorand, Telos, WAX, and others, AIKON offers solutions based on the Open Rights Exchange (ORE) Network, powered by the ORE Token.

AIKON Wallet Creation Solution

AllianceBlock, RFox, NFT Battle Miners, EarnFi, and other prominent companies and decentralized applications (dApps) in the market have already adopted AIKON's multi-chain authentication and wallet creation solution, ORE ID. The business plans to increase the number of ORE ID users to 400,000 by 2022. ORE ID is already being utilized in 12 countries. With the help of this fundraising round, AIKON would be able to expand its group of blockchain specialists to meet the rising demand for ORE ID.

The business is thrilled to take ORE Vault, a multi-signature wallet for businesses that supports crypto and NFT, out of beta and provide customers with a fiat on-ramp to ORE ID.

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Morgan Creek Digital Aikon multi-chain onboarding platform ORE Network
Multi-chain Onboarding Platform, AIKON, Raises $10 Million
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.