Crypto-fiat gateway payments provider Ramp reportedly shared on December 15th details of the successfully acquired $52.7 million capital injection via Series A fundraising, to drive DApps adoption.

Specifically, the funding round was reportedly led by Balderton Capital, which saw the participation of NFX, Galaxy Digital, Seedcamp, Firstminute Capital and angel investors. 

Ramp will reportedly equip its partner brands with crypto-enabled services, helping developers complete the integration of their decentralized applications (DApps) in a matter of hours, via utilizing its software. 

It currently teamed up with more than 400 partners, nominally Axie Infinity, Mozilla, Opera Browser, Dapper Labs, Aave, Argent, Trust Wallet and Zerion. 

The company has reportedly secured regulatory greenlight successfully across the United States, United Kingdom and Poland jurisdictions. 

Existing uses of Ramp reportedly include buying cryptocurrencies for storage in wallets in the Opera internet browser in a direct manner, purchasing and selling in-game content throughout fantasy football non-fungible tokens (NFTs) game Sorare, as well as reeling in new players in monster battle NFTs game Axie Infinity. 

In the long haul, Ramp developers have plans down their pipeline to widen the scope of the software, in order to assist with the facilitation of crypto transactions for financial institutions within their banking apps.

“We’re on a mission to provide instant access to cryptocurrencies through a provider they can trust.” Szymon Sypniewicz, co-founder and current Head of Ramp, further remarked regarding the development. 

“When I look at Web 3.0 companies, I ask: ‘Will this product help onboard net new users to the space?’ And, of course, does this product have network effects? Ramp is the ultimate answer to both questions. It is unique in its ability to help take web3 to the next adoption level.” Morgan Beller, general partner at NFX and Ramp board member, also shared some comments.