The Rise of Kresus and Its Ambitious SuperApp

Kresus, a trailblazer in the Web3 app development arena, has successfully sealed a $25 million funding round aimed at launching its innovative SuperApp. This venture not only promises to change the way users interact with digital assets but might also open the floodgates for widespread consumer adoption. Think of it as a ‘Swiss Army knife’ for the digital realm – but without the risk of accidentally slicing your finger off.

Funding Support from Big Players

The Series A funding round was spearheaded by Liberty City Ventures, joined by a cadre of heavyweights including JetBlue Ventures, Craft Ventures, Franklin Templeton, and even Marc Benioff, alongside the Winklevoss twins. So, basically, Kresus has collected more endorsements than a viral TikTok star.

What the SuperApp Promises

So, what’s all the fuss about this SuperApp? Kresus aims to provide a platform where crypto enthusiasts can easily buy and sell NFTs, access various financial services, and even create a universal ID for their online activities. In other words, it’s like having a passport for your digital self — only cooler and without the awkward passport photo.

The Web3 Landscape: A Booming Frontier

While the Web3 concept remains somewhat fuzzy (like that first cup of coffee in the morning), it has drawn substantial interest from venture capital. According to Cointelegraph Research, a staggering 616 Web3 deals took place in 2022 alone, totaling a whopping $9.2 billion in funding. That’s right — people are willing to drop serious cash on a utopian version of the internet that we still have yet to fully understand.

Big Tech Chiming In

Even Big Tech doesn’t want to miss out on the Web3 wave. Notably, Google Cloud has thrown its hat into the ring by becoming a validator for the Tezos blockchain. Their head Web3 engineer boldly claimed they’re working to deliver “secure and reliable infrastructure for Web3,” which sounds like the tech world’s version of ‘we’re here to save the day!’