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Nycrypto Labs raises USD 800,000 in pre-seed funding to support launch of digital wallet platform
Decentralized Finance (DeFi)
Jul 3, 2024
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jul 3, 2024

Nycrypto Labs raises USD 800,000 in pre-seed funding to support launch of digital wallet platform

Funding

  • Nycrypto Labs, the development company behind Tidus, a digital wallet platform, has raised USD 800,000 in pre-seed funding, led by DNA Fund and with participation from Transform Ventures and angel investors.

  • The company plans to use the funding to support the launch and scaling of Tidus, the company’s flagship non-custodial wallet platform. 

  • Available as a mobile application on Android, iOS, and the desktop, Tidus Wallet enables users to trade, lend, borrow, and stake several cryptocurrencies across multiple chains such as Ethereum, Solana, Base, Optimism, Arbitrum, Polygon, and Bitcoin. The company claims this multi-chain functionality mitigates the risks and costs of manually bridging assets across different chains. The solution also features decentralized security and privacy, educational resources, and native integrations to third-party decentralized applications. 

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