Blockchain technology continues to gain momentum, and one company leading the charge in onboarding solutions for Web3 is AIKON. The company recently announced a successful $10 million Series A equity financing round, led by institutional blockchain investment firm Morgan Creek Digital. Blizzard the Avalanche Fund also joined as a strategic investor and partner.
The investment round saw Mark Yusko, CEO of Morgan Creek Capital Management (MCCM) and Managing Partner of Morgan Creek Digital (MCD), and W. Scott Stornetta, Venture Partner at MCD and Partner at Yugen Partners, join AIKON’s Board. Stornetta is widely regarded as the co-inventor of blockchain technology, and he was particularly impressed by AIKON’s user-first approach.
“We are excited to support AIKON not only because they’ve built real-world blockchain solutions that have the potential to onboard millions of users onto blockchains, but also because they built a unique blockchain and crypto platform that put people first in terms of ease of use,” Stornetta said.
AIKON’s mission is to simplify blockchain technology and accelerate its adoption by providing easy and secure onboarding solutions for businesses, developers, and consumers. To achieve this, AIKON is built on the Open Rights Exchange (ORE) Network, powered by the ORE Token. This allows AIKON users to tap into the benefits of many blockchains, including Ethereum, Polygon, Algorand, Telos, WAX, and more.
As part of the Series A investment, AIKON is also adding compatibility for the Avalanche blockchain, opening up AIKON and the ORE Network to an engaged Avalanche ecosystem of over 16,000 developers and 500-plus dApps.
AIKON’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, and EarnFi. 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.
AIKON has survived multiple bull and bear crypto markets since 2017 and has created over 200,000 multi-chain wallets for users. The funding from this investment round will enable AIKON to grow its team of blockchain experts to support the increasing demand for ORE ID. The company is excited to release ORE Vault, the crypto and NFT multi-signature wallet for businesses, out of beta and provide customers with a fiat on-ramp experience for ORE ID.
“This funding round will ensure AIKON can accelerate its offerings of easy-to-use blockchain solutions that are already relied upon by many industry leaders,” said AIKON CEO, Founder, and ORE Core Contributor Marc Blinder. “We are thrilled to have the funding from industry leaders to continue our mission.”
Overall, AIKON’s success in securing this investment is a testament to the company’s commitment to building long-lasting infrastructure solutions for the blockchain industry. With the continued growth of the blockchain and crypto markets, AIKON’s solutions are well-positioned to play a crucial role in the adoption of Web3.
Marine Corps Veteran-turned-national-tv-personality Eric Mitchell is a world leading expert in sports media, regularly appearing on the world’s largest outlets from BBC, MSNBC, Fox News, Bloomberg, CNN and more. His signature blend of snark and industry expertise landed him columns at none other than RollingStone, GritDaily, PopWrapped, Disrupt — and most recently — Editor in Chief at NFT Today Magazine. When he’s not making media appearances or running his empire at LifeFlip Media, he can be found entertaining his thousands of loyal followers on social media through his authentic filter-free content.