Crossmint Secures $23.6 Million in Funding to Simplify Blockchain Adoption
Crossmint, an innovative blockchain infrastructure company dedicated to facilitating the development of on-chain applications, has successfully raised $23.6 million in a recent funding round. With a growing user base exceeding 40,000, Crossmint seeks to ease the process of blockchain adoption for businesses by allowing them to seamlessly integrate essential features like wallets, tokenization, and payment systems with minimal coding effort.
Prominent brands such as Adidas and Red Bull have turned to Crossmint as they transition their operations onto the blockchain. The platform’s capabilities enable these companies to harness the potential of blockchain technology effectively, streamlining their processes and enhancing customer interactions.
In addition to its current offerings, Crossmint is actively developing a framework aimed at integrating artificial intelligence into commerce. This initiative will provide wallets and payment APIs tailored for AI agents, which are set to transform the retail landscape. “AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling,” stated Alfonso Gomez-Jordana, co-founder of Crossmint. “Traditional payment systems weren’t designed for AI agents—but blockchain is, making it the ideal solution for this new era.”
The funding round was spearheaded by Ribbit Capital, with notable contributions from investors such as Franklin Templeton, Nyca, First Round, and Lightspeed Faction, as announced by Crossmint on Tuesday.
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