Crossmint, a pioneering blockchain infrastructure firm, has successfully raised $23.6 million in a new funding round aimed at enhancing its ability to help companies build on-chain applications. With an existing user base of over 40,000, Crossmint is on a mission to simplify blockchain adoption. The company enables organizations to integrate wallets, tokenization, and payment systems with minimal coding required.
High-profile clients, such as Adidas and Red Bull, have already leveraged the Crossmint platform to transition their operations onto the blockchain, demonstrating the increasing demand for advanced blockchain solutions in various industries.
In addition to facilitating on-chain operations, Crossmint is also developing a framework to support artificial intelligence-driven commerce. This infrastructure will provide both wallets and payment APIs designed specifically for AI agents. “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.”
The latest funding round was led by Ribbit Capital, with additional investments from Franklin Templeton, Nyca, First Round, and Lightspeed Faction, as announced by Crossmint on Tuesday.
In conclusion, as blockchain technology continues to mature, Crossmint stands at the forefront, enabling businesses to embrace this transformative technology while preparing for an AI-driven future in commerce.
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