AIKON, a B2B partner building solutions on the Open Rights Exchange (ORE) Network, has raised $10 million in its Series A funding round. The round was led by Morgan Creek Digital, an institutional blockchain investment firm. AIKON also announced a strategic partnership with Avalanche and its Blizzard Fund.
AIKON’s mission is to accelerate blockchain adoption by providing intuitive, multi-chain onboarding solutions that are easy for everyday people to understand and use. The company offers solutions built on the ORE Network, powered by the ORE Token, that allow users to tap into the benefits of multiple blockchains, including Ethereum, Polygon, Algorand, Telos, and WAX.
The Series A financing round included participation from other investors such as Up2 Opportunity Fund, Hestia Investments, and Yugen Partners. AIKON plans to use the funding to grow its team of blockchain experts and support the increasing demand for its solutions.
As part of the investment, AIKON will add compatibility for the Avalanche blockchain, expanding its reach to over 16,000 developers and 500-plus dApps in the Avalanche ecosystem.
Mark Yusko, CEO of Morgan Creek Capital Management and managing partner of Morgan Creek Digital, and W. Scott Stornetta, venture partner at Morgan Creek Digital, will be joining AIKON’s Board of Directors. Stornetta is considered by many to be the co-inventor of blockchain technology and is the most-cited author in the 2008 Bitcoin whitepaper.
AIKON has already integrated its multi-chain authentication and wallet creation solution, ORE ID, into leading businesses and decentralized applications (dApps). ORE ID is actively used in 12 countries, and the company aims to grow its user base to 400,000 by the end of 2022.
With this new funding, AIKON plans to release ORE Vault, a crypto and NFT multi-signature wallet for businesses, out of beta. The company is also focused on providing a fiat on-ramp experience for ORE ID customers.
AIKON CEO and Founder Marc Blinder expressed excitement about the funding, stating that the company has built infrastructure solutions designed to last for decades to come. The funding from industry leaders will enable AIKON to continue its mission of simplifying blockchain technology and accelerating its adoption.
AIKON is rapidly expanding its team and customer base for ORE ID. For more information about the Series A funding round and AIKON’s solutions, visit their blog.