Kresus, which is building a crypto superapp, has raised $25 million led by Liberty City Ventures.Companies such as JetBlue are still investing in Web3 despite recent scrutiny of the industry.
Traina's company, Kresus, has raised $25 million in Series A funding led by Liberty City Ventures, the company's first round of financing, to bring that vision of a crypto superapp to fruition. JetBlue Ventures, Craft Ventures, Franklin Templeton, Salesforce CEO Marc Benioff, and Gemini cofounders Tyler and Cameron Winklevoss also participated in the round.
That track record helped win over Liberty City Ventures, whose portfolio includes the Web3 companies Animoca Brands, BlockApps, BitGo, and The Sandbox. James Lang, a managing director at Liberty City, told Insider that the quality of Kresus' team stood out among similar companies he'd reviewed. : buying and selling digital goods such as non-fungible tokens, gaining easier access to loans and other financial services, and creating a universal ID for the internet while preserving privacy and security.
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