Particle Network Announces $15M in Its Series A Round
The Spartan Group and gumi Cryptos Capital led the round, includingGlad to have participated in Particle Network's $15M Series A Round.
Particle Network is a modular layer-1, and flagship innovation is a central coordinating mechanism for Universal Accounts, unifying all chains and abstracting Web3 complexities. This enables users to have one account and balance to use across all blockchains.
Since May '22, the team has achieved notable traction:
- Integrated 900+ dApps, securing over $2B of user assets
- Reaching over 17M users and 10M transactions via their Account Abstraction stack
- Reached 114M transactions & 1.3M Universal Accounts in its L1 testnet
The funds raised will continue to allow the team to spread its vision of chain abstraction and simplifying user & developer experiences. Going forward, the team is working on its phase 2 testnet and launching the Particle token $PARTI.
Read more: ➡️ here
About Particle Network
Launched in 2022, Particle Network debuted as a Wallet Abstraction service provider. It enables users to create smart contract wallets linked to their Web2 social accounts, which can then be used natively within dApp-embedded interfaces.
About Morningstar Ventures
Morningstar Ventures is a proprietary investment firm specializing in digital assets and blockchain technology. Under the leadership of Founder & CEO Danilo S. Carlucci, the Morningstar Ventures team consists of seasoned professionals who bring years of experience across various fields, such as technology, marketing, community, product, and growth strategy.
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