Onboard secures funding in Lagos for global expansion

Onboard has announced a significant rebranding and expansion following a successful capital raise from Coinbase Ventures and LAVA, as reported on September 16, 2024, in Lagos, Nigeria. This initiative aims to address the pressing global economic challenges, including widespread poverty and currency devaluation, by focusing on the transformative potential of the onchain economy. The company envisions a future where anyone can access onchain opportunities to improve their lives significantly. Yele Bademosi, Co-Creator of Onboard, emphasized the importance of creating useful onchain applications and experiences to unlock the economy's full potential. The rebranding reflects Onboard's commitment to nurturing a vibrant ecosystem that benefits all participants, particularly builders and creators who are essential in developing innovative solutions. The funding from Coinbase Ventures and LAVA will play a crucial role in accelerating Onboard's growth, enabling the development of new financial tools and community initiatives. These resources are designed to empower onchain creators and builders, making the onchain economy more accessible and engaging for a broader audience. Shan Aggarwal from Coinbase Ventures highlighted the partnership's goal of enhancing economic freedom for individuals worldwide. By providing safe and low-cost entry points into the onchain world, Onboard aims to bring the advantages of this new economy to those who need it most, ultimately fostering a more inclusive financial landscape.