Onboard Secures Funding from Coinbase Ventures and LAVA to Drive Global Expansion and Unlock Onchain Economy Potential
Lagos, Nigeria, September 16th, 2024, Chainwire
Introduction
Exciting news has emerged from Onboard as they announce a significant expansion and rebrand, accompanied by a successful capital raise from Coinbase Ventures and LAVA. This strategic move signifies a transformation for Onboard from a digital money app and a global P2P exchange to a comprehensive platform and ecosystem aimed at empowering onchain builders and creators worldwide.
The Current Financial Landscape
The world is currently grappling with unprecedented challenges, including over 3.5 billion people living below the poverty line, widespread currency devaluation of 75-90%, and rampant double to triple-digit inflation in various regions. Onboard believes that rather than combatting outdated systems, the key to addressing these issues lies in harnessing the transformative potential of the onchain economy.
Empowering Builders and Creators
Onboard’s mission is to empower independent builders and creators to usher the world onto the blockchain. Their vision is to enable individuals from all walks of life to embrace the onchain economy and live significantly improved lives. With their gateway allowing people to join the blockchain with as little as $1 in under 2 minutes, Onboard focuses on creating applications and experiences that make this economy accessible, engaging, and transformative.
“To truly unlock the potential of the onchain economy, we need to support the creation of actually useful onchain apps and experiences. This is where builders and creators come in. This rebrand signifies our commitment to fostering a thriving onchain ecosystem that benefits everyone.” – Yele Bademosi, Co-Creator of Onboard.
Building a Financial Platform for Dreamers
Onboard is dedicated to developing the ultimate financial platform and support community for onchain dreamers—those independent builders and creators shaping the future of the blockchain economy. By collaborating with the brightest minds globally, Onboard aims to create exceptional onchain applications and experiences that inspire more individuals to embrace the possibilities of this new economy.
Support from Coinbase Ventures and LAVA
The capital raised from Coinbase Ventures and LAVA will play a crucial role in accelerating Onboard’s growth and expanding its offerings to cater to the needs of the global onchain community. This funding will fuel the development of new financial tools, resources, and community initiatives to empower onchain creators and builders.
“The onchain economy holds tremendous potential to empower people around the world. Onboard’s on and offramps provide safe, low-cost, and low-barrier entry to the onchain world, extending the benefits of this new economy to those who need it most. We are thrilled to partner with Onboard in making economic freedom more accessible to all.” – Shan Aggarwal, Vice President, Corporate & Business Development, Coinbase Ventures.
About Onboard
Onboard is on a mission to build the ultimate financial platform and support community for onchain dreamers—individuals driving the adoption of blockchain technology through innovative applications and experiences. With a commitment to expanding the onchain economy and ensuring its universal accessibility, Onboard aims to empower anyone, anywhere, to lead a significantly improved life through the opportunities presented by the onchain economy.
Website: onboard.xyz
Twitter: @OnboardGlobal
Farcaster: @Onboard
Contact Marketing Lead Liza J: liza@nestcoin.com