The Web3 trusted account framework protocol OneBalance has completed a $5 million angel and community round of financing.

the Web3 trusted account framework protocol OneBalance has completed a $5 million angel and community round of financing, led by Konstantin Lomashuk and Vasiliy Shapovalov from Cyber Fund. Independent investors include Yearn Finance developer Banteg, crypto KOL cobie, Across founder Hart Lambort, Wintermute chief researcher Igor Igamberdiev, WalletConnect founder Pedro Gomes, and Li.Fi founder Philipp Zentner.

OneBalance stated: "We believe that transitioning to a better Web3 user experience requires an inclusive, collaborative, and community-oriented approach. Therefore, we invited the best builders and community members in the field for the first round of fundraising."

According to RootData, OneBalance is a new framework for trusted accounts—combining chain abstraction, gas abstraction, and permission management to address the fragmented Web3 user experience.