Omega, a Miami, FL-based Web3 infrastructure provider, raised $6M in funding.
The round saw participation from Lightspeed Faction, Borderless Capital and Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, MH Ventures, and others.
Led by CEO Wes Cowan, and COO Eric Ryklin, Omega is a Web3 infrastructure provider enabling the collateralization of idle bitcoin for yield generation in DeFi.
The company intends to use the funds to launch the first decentralized infrastructure that enables Bitcoin holders to utilize the value of their Layer 1 Bitcoin for yield generation. Omega expects to launch its public beta within the next 60 days.
“I am immensely proud of our team’s unwavering dedication and innovative spirit,” stated Eric Ryklin. “Our funding rounds are not just a financial milestone, but a testament to our vision of reshaping the DeFi landscape. Our focus now turns to delivering our public beta, which we believe will empower Bitcoin holders and significantly contribute to the evolution of Bitcoin DeFi.”
FinSMEs
07/02/2024