Advertise your product or service? Contact us on Discord.

TipLink Raises $6 Million in Funding for Distribution Mechanism

By: illustrious
February 21, 2023 1:28 PM EDT
Twitter Share

Upcoming project TipLink announced that they have raised $6 million in funding, led by Sequoia and Multicoin Capital, to build "one of the most important distribution mechanisms in crypto."

Being built on Solana, the platform lets users send and receive crypto with just a link or QR code. The API enables developers to create TipLinks for free, supporting any asset on Solana. Senders need to use their Solana wallet to make a TipLink URL by depositing an asset, and then the receiver can use the link to accept the asset. Receivers do not need a wallet, and can even accept with their Gmail account.

"The viral potential of the idea was immediately obvious, and we became convinced that TipLink had a good shot at being the product that would bring the next billion people to web3," said Sequoia about TipLink.

Since the link acts as a wallet, users do not need to be familiar with crypto to accept the assets providing a mainstream experience for everyone, and making it easier to onboard users.

Additional investors include Assymetric, Big Brain VC, Circle Ventures, Karatage, Monke Ventures, Paxos, Solana Ventures, and angels Vinny Lingham, Liu Jiang, and Sarah Guo.

Always experimenting.

Recent News

banner image of nft

DRiP Hits Milestone: Surpasses 25 Million Collectibles

By: illustrious
August 14, 2023 5:03 PM EDT
DRiP has achieved a new milestone, surpassing its 25 millionth collectible. This feat underscores its unique approach to digital assets, emphasizing mass engagement over rarity. Leveraging Solana's efficiency and a creator-centric model, DRiP's influence in the NFT space continues to soar.
banner image of nft

Solana's TVL Hits 2023 Highs at $325 Million

By: illustrious
August 12, 2023 3:53 PM EDT
Solana's 2023 TVL peaks, highlighting increased trust and adoption. Key drivers: innovative protocols, user-friendly platforms, key partnerships, and enhanced security. Its rise underscores Solana's growing DeFi dominance.

© 2023 SolanaFloor