Onboard Announces Successful Capital Raise from Coinbase Ventures & LAVA to Unlock Onchain Economy Potential and Push Global Expansion
Onboard is thrilled to unveil a major expansion and rebranding initiative alongside a successful capital raise backed by Coinbase Ventures and LAVA. This expansion signifies the transformation of Onboard from a digital currency application and a worldwide P2P exchange into a robust platform and ecosystem aimed at empowering on-chain builders and creators worldwide.
The global landscape is currently grappling with extraordinary hurdles, as more than 3.5 billion individuals find themselves beneath the poverty threshold, while currency devaluation ranges from 75% to 90%. Additionally, numerous areas are experiencing soaring inflation rates, often reaching double to triple digits. Onboard envisions a future where, instead of grappling with antiquated systems, we harness the revolutionary potential of the on-chain economy to drive change.
Onboard fuels the passion of independent builders and creators, driving the movement to transition the world on-chain. It aims to empower individuals globally to enter the blockchain space and experience a transformative lifestyle. With its gateway, users can seamlessly enter the on-chain world with just $1 in less than 2 minutes. Yet, the real worth is found in the applications and experiences that render this economy accessible, engaging, and revolutionary.
To truly unlock the potential of the onchain economy, we need to support the creation of actually useful onchain apps and experiences. This is where builders and creators come in. This rebrand signifies our commitment to fostering a thriving onchain ecosystem that benefits everyone. Yele Bademosi, Co-Creator of Onboard.
Onboard is committed to creating the premier financial platform and support network for onchain visionariesthose self-sufficient builders and innovators. By bringing together the brightest minds from around the globe, we aim to develop groundbreaking onchain applications and experiences that will ignite inspiration and empower a broader audience to explore the vast potential of this emerging economy.
The capital secured from Coinbase Ventures and LAVA is set to play a crucial role in propelling Onboards growth trajectory and broadening its offerings to cater to the demands of the global onchain community. This funding will drive the creation of innovative financial tools, resources, and community initiatives designed to empower onchain creators and builders.
The onchain economy holds tremendous potential to empower people around the world. Onboards on and offramps enables safe, low-cost, and low-barrier entry to the onchain world, bringing the benefits of this new economy to people who need it most. Were excited to partner with Onboard in making economic freedom more accessible to all. Shan Aggarwal, Vice President, Corporate & Business Development, Coinbase Ventures.
Text source: ZyCrypto
