Hsuan Lee’s Blocto Wallet reveals a new funding round and $80 million valuation. The cross-chain wallet’s latest Series A round was backed by 500 Global and IPX (formerly Line Friends). Blocto is also backed by leading web3 investment companies and individual investors including Mark Cuban, Kevin Chou (Gen. G Esport), Roham Garegozlou (CEO of Dapper Labs), and Animoca Brands. Hsuan Lee is Co-Founder and CEO.
Blocto is available on Ethereum, Aptos, Solana, Flow, BNB Chain, Polygon, and Tron, facilitating transactions within and across all the blockchains. Blocto had 1.6 million users as of November 2022.
Blocto’s NFT marketplace BloctoBay is the largest on the Flow blockchain. Blocto recently expanded to the Aptos ecosystem, where it has amassed a user base of 400,000 becoming the second-largest Aptos wallet on the network. Blocto plans to continue expanding to more blockchains in the future as it seeks to onboard new users through DeFi, NFTs, and GameFi applications.
