The Multi Chain Wallet, BitKeep, Receives $30 Million Investment from Bitnet at Paris Blockchain Summit

It is reported that on March 22, at the Paris Blockchain Summit, Bitnet announced that it would invest $30 million in BitKeep, a Web3.0 multi chain wallet, and obtain a controlling stake. This round of financing is led by Dragonfly Capital and co invested by KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital.

Bitnet announced an investment of $30 million in Bitkeep to become its controlling shareholder

The Paris Blockchain Summit, held on March 22, witnessed an exciting announcement from Bitnet. The company disclosed that it would be investing $30 million in BitKeep, a Web3.0 multi-chain wallet, leading to a whopping controlling stake in the company. Dragonfly Capital heads this round of financing, while co-investors include KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital.

Understanding BitKeep and Web3.0 Multi-Chain Wallets

In recent years, blockchain technology has taken the world by storm, fundamentally changing how we perform transactions, store data, and conduct global transactions. However, transferring and managing cryptocurrencies across different blockchains can be a significant challenge, leading to the emergence of multi-chain wallets like BitKeep.
A multi-chain wallet is a type of digital wallet that allows users to store, manage and exchange a wide range of cryptocurrencies from different blockchain ecosystems. Web3.0 multi-chain wallets like BitKeep provide users with a seamless interface for managing their assets, enabling them to swap and convert currencies without having to use various wallets.

Bitnet’s Massive Investment in BitKeep

BitKeep has been making waves in the blockchain sphere over the last few months due to its ability to seamlessly manage multiple digital assets on different blockchains. The company’s mobile app is user-friendly, making it effortless to store and move cryptocurrency assets.
Bitnet’s $30 million investment in BitKeep signifies the growing trust and adoption of multi-chain wallets. The investment is expected to enhance BitKeep’s infrastructure and bolster integration with various blockchain platforms. This move will undoubtedly play a vital role in the ongoing development of blockchain technology and its related ecosystems.

The Role of Dragonfly Capital and Other Investors in the Round of Financing

Dragonfly Capital, led by Bo Feng and from Silicon Valley, focuses on investing in blockchain and cryptocurrency-related projects worldwide, and has previously invested in notable companies like Compound, Celo, and Polkadot. The other co-investors – KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital – share Dragonfly Capital’s interest in blockchain technology.
Their involvement, together with Bitnet’s, represents a promising development for BitKeep and the blockchain ecosystem’s continued growth worldwide.

What Does This Mean for the Crypto and Blockchain Space?

The growing adoption and development of multi-chain wallets like BitKeep signals an exciting prospect for blockchain technology’s growth and integration in the mainstream financial sector. Further, the massive funding by BitNet and co-investors in BitKeep reinforces the increasing demand for user-centric blockchain solutions that provide convenience and ease of access to digital assets.
The investment is a clear indication of investor confidence and expectation of the continued and exponential growth of cryptocurrencies and blockchain technology in the coming years.

Conclusion

The promise of blockchain technology is immense, and its potential takes us beyond borders, fragmented banking systems, and political boundaries. Bitnet’s investment in BitKeep is a testimony to the future of blockchain technology, and how Web3.0 multi-chain wallets are instrumental in achieving this goal. The adoption of such tools is becoming more popular, and the future looks bright for the cryptocurrency and blockchain sector.

FAQs

Q1. What is a multi-chain wallet?

A: A multi-chain wallet is a type of digital wallet that allows users to store, manage and exchange a wide range of cryptocurrencies from different blockchain ecosystems.

Q2. What is BitKeep known for?

A: BitKeep has been making waves in the blockchain sphere over the last few months due to its ability to seamlessly manage multiple digital assets on different blockchains. Its mobile app is user-friendly, making it effortless to store and move cryptocurrency assets.

Q3. Who led the round of financing for BitKeep?

A: Dragonfly Capital headed this round of financing, while co-investors included KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital.