OneBalance Snags $20M to Revolutionize Crypto UX with Game-Changing Toolkit

Hang onto your hats, crypto fans—OneBalance, the hot new dev platform aiming to untangle crypto's messy user experience, just scored a whopping $20 million in a Series A round!

This cash infusion was spearheaded by powerhouses cyber•Fund and Blockchain Capital. The brains behind OneBalance? None other than Flashbots core contributors Stephane Gosselin and Daniel Worsley, plus former Coinbase wizard Ankit Chiplunkar. Talk about a dream team!

But wait, there's more! Bybit's Mirana Ventures and L2IV also jumped on board, hot on the heels of a $5 million angel round earlier this year, backed by big names from Consensys, Wintermute, and other crypto heavyweights.

So, what's the big deal? OneBalance is tackling the age-old headache of hopping between blockchains. You know the drill—juggling wallets, wrestling with bridges, and shelling out for gas fees across different chains. It's enough to make your head spin!

Enter OneBalance's slick new Toolkit, powered by "Resource Locks." This tech lets devs craft apps that seamlessly glide across chains with just one click. No more jumping through hoops!

Seamless Interactions Without Chain Knowledge

According to CEO Stephane Gosselin, OneBalance is a game-changer for devs and fintechs. "We're empowering them to offer seamless interactions—sending, swapping, earning yield—without users needing to know which chain they're on or deal with the hassle of bridging and gas," he says.

"We've rethought blockchain development from the ground up," Gosselin adds, emphasizing that the platform puts users first, not retail extraction.

The secret sauce? Resource Locks. This innovation blows traditional cross-chain methods out of the water by parallelizing execution, ditching those pesky sequential confirmations. The result? Transactions that are 40% faster and a whole lot less complicated for users and devs alike.

OneBalance is already flexing its muscles with native Bitcoin-to-EVM swaps and is gearing up to support Solana and other networks ASAP. The Toolkit has been put through its paces in a closed beta with early partners like DSX, Vooi, Spritz Finance, and Nuvolari.

Vasiliy Shapovalov of cyber•Fund is all in, saying, "We doubled down after seeing how Resource Locks could bring fragmented userbases and liquidity together across chains."

"OneBalance isn't just fixing UX—it's supercharging crypto's network effects," he adds.

So, how does it work? OneBalance abstracts user balances across chains into one "spendable" balance. No more hoarding native gas tokens—fees are covered by the tokens you're moving. It's that simple!