Crypto news

You Won’t Believe What OneBalance Just Did With $20M to Revolutionize Crypto

BBG News

Ah, OneBalance, the bright star in the vast galaxy of crypto that just raised a cool $20 million in its Series A funding round. You’d think they’d be tossing that money into a big pool of blockchain confusion, but no! They’re on a mission to simplify the absolute chaos that is crypto’s user experience. And, of course, it’s all with a bit of flair, because why not?

Leading the charge are cyber•Fund and Blockchain Capital, the venture capital dynamos, eager to get a slice of the blockchain pie. And in case you’re wondering, OneBalance was brought to life by none other than Flashbots’ Stephane Gosselin, Daniel Worsley, and Ankit Chiplunkar—yes, the former Coinbase engineer who’s now hopping from one blockchain to another.

But wait, there’s more! Participating in this funding extravaganza are Mirana Ventures from Bybit and L2IV, who probably thought, “Hey, why not?” after seeing the angel round raise $5 million in 2024. Investors from Consensys, Wintermute, and some rather famous crypto folks must have just shrugged and thought, “Sure, let’s throw some money in too.”

So, what’s the big idea here? Well, OneBalance is tackling one of crypto’s biggest headaches: users jumping between blockchains like a frog on a hot skillet. Wallets, bridges, gas fees—it’s a mess. But fear not, OneBalance has an answer! With their shiny new “Toolkit,” they promise to eliminate all that hassle. The Toolkit uses “Resource Locks,” which basically mean developers can build apps that operate across chains with just one click. Oh, the simplicity!

Seamless Interactions (But Only If You Don’t Think Too Hard About It)

Stephane Gosselin, the CEO, has big dreams. He says that OneBalance allows developers and fintechs to create seamless interactions—sending, swapping, and earning yield—without users needing to know what chain they’re on. That’s right. You can pretend you’re in a decentralized paradise while everything works behind the scenes. Isn’t it beautiful?

“We’ve rethought blockchain development from the node up,” says Gosselin, likely after a few too many cups of coffee. He added that OneBalance focuses on maximizing value for users, instead of, you know, enabling retail extraction. Classic blockchain buzzword bingo. “Let’s make it better for the people, not for the middlemen,” he says. Sure, Stephane, sure.

The real magic here lies in the “Resource Locks” technology, which makes transactions 40% faster by parallelizing execution. Gone are the days of waiting for sequential confirmations! Developers and users can now bask in the glory of simplified complexity. It’s a true revolution. 🤑

And if you’re wondering, yes, OneBalance has already shown off some cool features like Bitcoin-to-EVM swaps. Solana and other networks? They’re on the horizon. Early partners like DSX, Vooi, Spritz Finance, and Nuvolari have already dipped their toes into this closed beta pool, but don’t worry—soon you’ll be able to join the party too. 🍾

Vasiliy Shapovalov from cyber•Fund couldn’t resist. After seeing how Resource Locks could unite fragmented userbases and liquidity across chains, he said, “OneBalance isn’t just fixing UX—it’s extending crypto’s network effects.” Because of course, nothing says “network effect” like the constant hustle for more users.

At the heart of this whole thing is the idea of abstracting user balances across chains into a single “spendable” balance. Imagine that! You won’t even need to hold gas tokens anymore. Instead, fees will be paid with the tokens you’re actually transacting. Like magic—crypto’s wallet woes disappearing before your very eyes. ✨

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2025-06-11 19:09

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