Austin, Texas, January 20, 2023 /PR Newswire/ — Sphere One, cipher A payment platform that allows users to purchase in any way Cryptocurrencyacross the blockchain, announced today that they have closed $2.5 million Seed round led by Distributed Global with participation from Newark Venture Partners, Zero Knowledge and angel investors Leore Abidal Alt.xyz and Lob.com Eric Feldman of Bolt.com. The SphereOne platform prioritizes transaction immediacy and features include one-click checkout and the ability to simplify fiat swaps. cipher and vice versa.
“We focus on creating the best user experience for first-time users. cipher user”
“Consumer User Experience cipher Because payments are fragmented,” he said. Christopher Reese, COO and co-founder of Sphere One. “Web3 consumers continue to give us feedback that moving liquidity between different chains to buy things is complicated, time consuming and risky.”
according to Chainalysis Estimated “$2 billion of Cryptocurrency has been stolen in 13 cross-chain bridge hacks, the majority of which were stolen this year. ” cipher payment rail.
SphereOne’s founding team, both security infrastructure and early stage products, are uniquely qualified to create a platform that can protect the consumer of the future. Ries previously served as the first product employer at Cylance Inc. ( $1.4 billion), then managed a portfolio of security infrastructure products at Oracle. Reese also worked in the public sector securing critical infrastructure for the Department of Defense. McNutt has a background in product development and is the founder of his 3X seasoned with multiple exits. As the founder and CEO of ApplyAll (an AI startup), he runs the business 100K He has earned an MAU and successfully managed a robust global engineering team.
“We focus on providing the best user experience for first-time users. cipher A user who often jokes with Chris we are building cipher We want everyone to join Web3, so grandma.” Ryan McNuttCEO and co-founder of Sphere One.
SphereOne helps merchants increase conversion rates and retain customers by making it easy for customers to buy in any way. CryptocurrencySphereOne early adopters cipher Payment platforms come from a variety of verticals (including traditional e-commerce), but the Web3 games segment is the most compelling.
“For Web3 game publishers, it’s important to focus on the Web2 player onboarding experience because there are a lot of opportunities there. cipher It’s an infrastructure that allows you to incorporate different blockchains without building direct support.” Jacob SloanCEO of MetaOps, a popular first-person shooter on Fractal.is.
Perhaps SphereOne’s greatest opportunity lies in the developing world. cipher Payments have thrived in the absence of traditional financial instruments.
McNutt concludes: cipher Payment technology with users in these regions, given our low fee structure. ”
About Sphere One:
SphereOne is the future of Web3 payments, providing secure one-click checkout. cipher Between different blockchains in just seconds. For more information, see: Sphere One.xyz or follow us on twitter @sphere one
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Sauce Sphere One