What does OneBalance do?
OneBalance offers an API framework that streamlines blockchain interactions by integrating chain abstraction, gas abstraction, and permission management. The platform enables developers to execute one-click transactions across different chains, removing complexities like bridging and gas fees.
How much did they raise?
The company raised $20M in Series A funding, co-led by cyber•Fund and Blockchain Capital with additional participation from Mirana Ventures and L2IV. This funding round follows a previous $5M Angel and Community round.
What are their plans for the money?
With the new capital, OneBalance intends to expand its operations and accelerate development efforts, aiming to make multichain transactions more accessible and efficient for a range of applications such as swaps, yield farming, and transfers.
What have they achieved so far?
The company has already launched its OneBalance Toolkit, a solution designed to turn complex multichain operations into straightforward one-click experiences, supporting various blockchain activities out of the box.