2 years ago
Slope Finance, the startup down a integer wallet for the Solana blockchain, has closed an $8 cardinal Series A backing circular co-led by Solana Ventures and Jump Crypto.
Slope absorption told CoinDesk the funds volition assistance grow the squad successful the U.S., wherever Slope launched its archetypal bureau past month, and for user-acquisition efforts.
Other backers included Sequoia China, Genesis Trading, CMS Holdings, Spark Digital, Circle Ventures, Huobi and others.
Slope offers a cross-platform wallet with entree to Solana Pay, decentralized concern (DeFi) engagement, visualized non-fungible token (NFT) absorption and token swaps, oregon the transportation of tokens from 1 blockchain to another. There is presently $7 cardinal of worth connected the Solana blockchain, according to DefiLlama, making it the sixth-largest concatenation by that metric.
Slope, which launched successful September, said the wallet had been downloaded 1 cardinal times arsenic of past period with 850,000 monthly progressive users crossed the Apple App Store, Google Play and its Chrome extension.
“We are excited to enactment Slope’s ngo to supply a seamless, cross-platform acquisition for users to prosecute with Solana’s DeFi, NFT and gaming ecosystems,” said Solana Ventures Partner Matthew Beck successful the property release.
Slope said the squad volition soon denote further details regarding ongoing projects, partnerships and merchandise developments, including a caller mobile product. The institution declined to supply much details.
Slope Finance competes with Solana mobile wallets similar Phantom and Solflare. Last month, Phantom raised $109 million astatine a $1.2 cardinal valuation. At the time, Phantom said it commanded “at slightest 90%” of the Solana wallet market, though CoinDesk could not independently verify this figure.
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