Bastion, a Crypto startup founded by two former a16z senior employees, has successfully Capital $25 million in seed Capital , according to information from Bloomberg News.
a16z led the Capital round, with participation from Laser Digital Ventures, Robot Ventures, Packy McCormick, Not Boring Capital and many other investors.
Bastion is a company that provides solutions that help companies easily adopt blockchain-based technology and attract web3 users. The company's first plan after receiving Capital will be to hire employees responsible for regulations and compliance, as co-founder Nassim Eddequiouaq said in a conversation with Bloomberg.
“We see Bastion as the ultimate destination for consumer brands entering web3, like Nike and Starbucks, to build experiences that are as smooth and enjoyable as web2,”
“Our Smart Transaction Routing System automatically XEM whether a transaction should take place on chain or Off-Chain, delivering scalability and cost-effectiveness to businesses, along with instant transaction times. for users, thereby eliminating any obstacles when implementing web3 technology into a business.”
Before joining a16z crypto, Eddequiouaq and co-founder Riyaz Faizullabhoy worked in Meta's Security Infrastructure sector for two years, according to their LinkedIn profiles.
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