PANews reported on January 15 that according to Business Wire, Reown announced the completion of a $13 million Series B financing round, led by Union Square Ventures (USV) and 1kx, with other investors including SC Ventures, SBI Holdings, Shopify Ventures, Kraken Ventures, etc. To date, Reown's total financing has reached $38 million.
As the developer of WalletConnect Network, Reown focuses on improving the on-chain user experience (UX). This round of financing will be used to accelerate the development of its core products AppKit and WalletKit to simplify the user interaction process on the blockchain.
• AppKit: It already supports multi-chain applications such as Solana and Bitcoin, and can achieve rapid user flow through functions such as embedded wallets and smart accounts. It has recently provided Telegram users with a seamless on-chain experience.
• WalletKit: has been used by more than 600 wallets including Trust Wallet and Binance Web3Wallet, focusing on solving chain switching and gas fee issues.
As Reown's flagship project, WalletConnect Network has connected over 220 million times, covering 35 million users, and launched the WCT token to achieve network decentralization.
