Ramper Raises a $3M Pre-Seed Round, Led by Hashed



Ramper enables frictionless user-onboarding solutions on web3

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Ramper was developed to remove friction preventing the adoption of web3. "If the first step of onboarding is to connect-a-wallet, we've already lost all users. This is the state of web3 today. It's a jarring experience for people that have never interacted with decentralized applications. At Ramper, we are building solutions to make web3 intuitive & user-friendly, removing friction that gets in people's way." - Sisun Lee, co-founder of Ramper.

As decentralized applications like DeFi, P2E games, NFTs, and DAOs start to create a new wave of crypto-native use cases, more mainstream users are being onboarded onto web3. The problem today with these applications is that users new to the crypto space are forced to take multiple steps elsewhere just to become eligible to sign up. There is a hurdle to download the right wallet client, install its supporting browser extension, store the private key, then transfer crypto into their wallet through an exchange, which they need to create an account for separately if they have not done so already. Access to web3 shouldn't be this complicated.

Ramper is building a suite of SDK/API for developers to onramp users quickly. It solves for two use-cases. (1) It lets users login via email or other familiar login methods without the need to download wallets, install browser extensions, or store private keys. (2) It lets users convert local currency into crypto directly in-app without the need to create an account on a third-party exchange.

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Ramper is currently only available on Terra with plans to support multiple chains in the near future, starting with Polygon & other EMV-compatible chains. Ramper is currently...

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Source: Newsfile Corp.
Release ID: 195733