Nycrypto Labs Raises $800K in Pre-Seed Funding

Nycrypto Labs, a NYC-based blockchain development hub dedicated to simplifying the transition from Web2 to Web3, raised $800K in Pre-Seed funding.

The round was led by DNA Fund, with participation from Michael Terpin’s Transform Ventures and a host of angel investors.

The company intends to use the funds to accelerate the launch of its flagship product, Tidus Wallet – a multi-chain wallet that enables lending, borrowing, and staking cross-chain without leaving the app.

Led by Dan Mulligan. Nycrypto Labs was founded to build accessible decentralized products. As its first product, Tidus Wallet is a decentralized wallet offering a multi-chain, non-custodial platform that empowers users with control and security of their digital assets. It is governed by TidusDAO, a new standard in DAO governance with its Roman rules framework, blending historical governance structures with blockchain technology.

Available in both the iPhone and Android stores, Tidus features multi-chain compatibility, which can reduce potential risk for click fraud. Other features include decentralized security and privacy, educational resources, and native Dapp integrations, making Tidus a one-stop-shop for all of a user’s DeFi needs.

FinSMEs

03/07/2024