Web3 AI-powered superapp OP3N has closed $28 million in a Series A funding round. The company aims to bridge the gap between Web2 and Web3 using blockchain and decentralised technologies to build a cohesive Web3 platform
OP3N will use its newly secured funds to further develop its Web3 AI-powered chat superapp as well as expand its capabilities as a centralised way to communicate within the superapp.
The platform will also offer users an intuitive Web2 interface that’s powered by Web3, eliminating the friction that exists in the nascent Web3 space.
OP3N Co-founder and CEO Jaeson Ma said, “It’s no secret that, to date, Web3 has been a complex, cumbersome, and disconnected experience. With our chat Superapp we’re solving the issues that have been hindering everyday people from transitioning from Web2 to Web3, while providing opportunities for creators to own their ideas and IP, and connect directly to their communities without any middle layers.”
Leveraging Web3 and AI
The chat Superapp will have the ability to include audio, video, and mixed media content for on-chain interactions, acting as a one-stop for all communication, connection and commerce.
“We’ve been heavily focused on building a platform that serves as a voice for creators all around the world,” said Eric Tu, Co-founder and COO of OP3N. “With the support of our powerhouse team of investors, we can continue to build a compliant, global platform at a rapid and efficient pace.”
Aside from further developing its Web3 AI-powered superapp, OP3N will also use the funds to grow its leadership team, which currently includes industry veterans from tech powerhouses including former WhatsApp and PayPal exec Richardo Fornari, who serves as CPO, and former Rally and Pandora exec Carol Chen, who serves as CTO.
The funding was led by Animoca Brands, one of the companies that are advancing digital property rights for gaming and the open metaverse, joined by other firms including Dragonfly, SuperScrypt, CAA and NEA’s Connect Ventures, Republic Crypto, Avalanche’s Blizzard Fund, Galaxy Interactive, and Warner Music Interactive, among others.