Web3 Company Bastion Raises $25 Million in Seed Funding

Bastion, a white-label platform that simplifies enterprise utilization of blockchain technology, has announced that it raised $25 million in seed funding. The funding round was led by a16z Crypto, the cryptocurrency arm of Andreessen Horowitz (a16z). Other participants included Autograph, Laser Digital Ventures, Not Boring Capital, Robot Ventures, Alchemy Ventures, and Aptos Ventures.

Founded by former a16z CTO and CSO, Bastion aims to eliminate the complexities typically associated with web3 integration. Its platform serves as a “Web3 orchestrator,” facilitating the onboarding of businesses and users into a web3 environment without the overwhelming experience often encountered.

Nassim Eddequiouaq, co-founder of Bastion, expressed his belief that web3 technologies hold significant potential but have thus far lacked the necessary enterprise-level infrastructure. Eddequiouaq envisions the blockchain industry transitioning into a regulated and secure environment, allowing brands and enterprises to thrive while delivering immersive and engaging products for users.

In a Twitter announcement, Eddequiouaq outlined his vision for Bastion and its mission to revolutionize payment, gaming, connectivity, and shopping experiences. Co-founder Riyaz Faizullabhoy echoed this sentiment, emphasizing the potential for blockchain technology to enhance various products and services, ultimately driving mass adoption.

Bastion’s successful seed funding round demonstrates the growing interest and support for web3 solutions in the enterprise sector. With its robust backing and experienced team, Bastion is poised to make a significant impact on blockchain adoption and the seamless integration of web3 capabilities by enterprises.

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