Exclusive: Universal collects $ 9 million in the round led by A16Z

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Vibrations may not be in CT, but they are not sent to launch Aurape Asset Startup Universal, which only told Empire about $ 9 million that it was attracted, led by A16z.

The universal protocol was deployed about six months ago. According to the station wagon Austin Diamond, who is also behind nearby, the team “is very excited about the growth that he has since seen.”

Which is understandable, given the metrics that are easily accessible through Dune. From the moment of launch, users trade more than $ 800 million in the UASSET volume.

Source: Dune

But let me return quickly: the idea of ​​Universal is somehow baked in the name, which is to make all kinds of tokens “trading on the crypto -slanders.”

“The goal with Universal is to do everything that we consider to be a crypto -acting act with very deep liquidity on crypto, so that not only end users can simply gain access to any asset to which they can access a centralized exchange, but that any developer can use them,” Diamond explained.

So, Universal completes the assets for users for trading. Taking it outside the crypto, Diamond compared it with the involvement of analog newspapers on the Internet.

“Historically speaking, not one of these newspapers talks to each other. And now it is, as if everything lives on the general Internet, ”and therefore Universal wants to make assets useful and trade onhain.

Source: Universal documents

Diamond explained that this last financing round was a chance to work again with partners – for example, A16Z – and they continued the round after Universal received a traction.

“We really have reached a kind of excess point on our growth, it seemed to me that it was a suitable time to be able to pour gas on it, and therefore we consider this money as fuel in order to be able to expand what we are doing. To date, we launched mainly through the spread of new assets through other DAPPs. We want to continue to do this, but we also want to attract more people to our frontal experience. And I think that we had a good time ”to raise now, Diamond explained.

For the team, this is “champagne problems” associated with scaling. It was not a light road, Diamond noted … Well, until they received a “sufficient traction”.

“It was a very long and windy path to get there. I think that as soon as we reached the speed of the escape and … we were lucky to have a long -standing relationship with many of our investors, and they trusted us. We were very frank in relation to trials and hardships over the past few years. We came to them with [the] height. There are real numbers here, here [what] Our plans look over the next three, from six months to six years, ”he said.

Diamond’s dream is to make Universal proposals as “widespread as wrapped bitcoins”, which, as he admitted, is not a simple task. But the goal is to tear out people from some of the “tribe” and “divided fractions” in Crypto.

Perhaps this is the next great narrative.

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