Openverse Secures $8M in Series B to Advance Cross-Chain Internet of Value
Openverse Secures $8M in Series B to Advance Cross-Chain Internet of Value
Key Takeaways
Openverse, a Layer 0 hub network designed to enable a fully open protocol-based cross-chain system, has secured $8 million in a Series B funding round. The investment brings the company’s total funding to $11 million as it accelerates efforts to build the so-called “Internet of Value.”
Unlike Layer 1 blockchains that primarily manage their own ecosystems, Openverse functions as a foundational Layer 0 protocol. It provides the infrastructure needed to connect existing blockchains with each other and with traditional internet systems. Its goal is straightforward but ambitious, to make transferring tokens, NFTs, and even messages across blockchains as simple as sending an email.
The project’s conceptual roots can be traced back to 2014, when Dr. Bright published The Public Currency Issuance Mechanism. In this work, Bright laid out the theoretical foundation for Bitcurrency (VRC10), Privcurrency (VRC11), Bitsecurity (VRC12), and the PCIM mechanism. These ideas, once theoretical, are now being realised through the Openverse Network mainnet.
Today, Openverse expands upon EVM-compatible chains, adding support for issuance, trading, and payment of digital assets in a framework designed for scalability and regulatory alignment.
The Series B round drew investment from a mix of venture firms and family offices. Notable backers include Bright Capital, KC International, Becker Ventures, Gaea Ventures, Go2Mars Labs, and Innovation Engine. The capital will support Openverse in rolling out its infrastructure globally and strengthening its protocol stack.
The company’s progress has already attracted over one million Odyssey users, while multiple Layer 1 blockchains have been deployed on its technology. This adoption signals growing interest in Openverse as a neutral, interoperable base layer for Web3 applications.
Openverse describes itself as a next-generation Layer 0 Internet of Value, focusing on three core pillars:
At the centre of this ecosystem is Bitgold (BTG), designed as the value anchor. Acting as a stable medium for settlement, Bitgold underpins cross-chain transactions in a way that mitigates volatility risks.
This multi-faceted approach positions Openverse not only as a blockchain infrastructure provider but as a framework for future financial markets, where digital assets and real-world assets coexist seamlessly.
The funding will help Openverse expand its cross-chain protocol stack, enabling more developers and enterprises to integrate with the platform. By creating an ecosystem where nations, companies, and individuals can transact across chains without barriers, Openverse aims to lower friction in digital commerce.
With the increasing demand for real-world asset tokenisation, Openverse’s standardised framework may attract banks, regulators, and fintech companies seeking compliant infrastructure. If successful, this approach could push tokenised financial products into mainstream adoption within the next decade.
Dr. Bright, the visionary behind Openverse, has long advocated for open and competitive financial markets powered by decentralised protocols. His early theoretical work is now serving as the blueprint for a live global financial infrastructure, one designed to withstand both technological and regulatory pressures.
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As blockchain technology matures, interoperability and regulatory-friendly tokenisation become key for investors and enterprises. Openverse’s Layer 0 positioning allows it to play a unique role in connecting fragmented ecosystems into a cohesive digital economy.
The latest funding round shows strong investor confidence in the project’s ability to lead this transition. While challenges remain, including adoption hurdles, security risks, and regulatory uncertainty, Openverse is well-placed to become a backbone of the Internet of Value. To stay updated on crypto funding news and trends, visit our fundraising area for more insights.
