Rhuna Secures $2 Million Seed Funding Led by Aptos Labs

Rhuma secures $2 million in seed funding to further enhance its stablecoin payment infrastructure, aiming to bridge fiat and digital transactions in global entertainment events.

APT

Summary

Rhuna has raised $2 million in seed funding, led by Aptos Labs, to expand its on-chain payments and settlement infrastructure for the entertainment industry. The platform already supports over 2 million users and has processed over $90 million in transactions, powering major events like UNTOLD and Neversea. The new funding will help Rhuna enhance its platform's scalability and user experience for both event organizers and attendees.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as fiat currency, to reduce volatility.
  • Wallet-native checkout: A transaction process integrated directly within a digital wallet, allowing seamless payments without third-party processors.
  • On-chain payments: Transactions conducted and recorded on a blockchain, ensuring security, transparency, and immutability.