Nycrypto Labs, a blockchain development hub focused on easing the transition from Web2 to Web3, has successfully raised $800,000 in pre-seed funding. The funding round, led by DNA Fund with contributions from Michael Terpin’s Transform Ventures and various prominent angel investors, marks a significant milestone for the company as it launches its flagship product, Tidus Wallet.
Designed as a comprehensive solution for decentralized finance (DeFi) activities, Tidus Wallet is the only multi-chain wallet that allows for lending, borrowing, and staking across different blockchain networks without the need to leave the app. It is available for both desktop and mobile platforms, including iPhone and Android devices. The wallet's multi-chain compatibility aims to minimize risks associated with click fraud, and it boasts features such as decentralized security and privacy, educational resources, and native Dapp integrations.
Dan Mulligan, the founder of Nycrypto Labs and Tidus, emphasized the importance of accessibility, decentralization, and security in any crypto project. “Many platforms only focus on one principle, like accessibility, at the expense of decentralization and security—and without decentralization, security is often compromised. Tidus and TidusDAO blend these principles seamlessly while simultaneously rewarding users for using the product,” said Mulligan.
Tidus Wallet is poised to revolutionize the blockchain landscape by providing users with exceptional control and security over their digital assets. Its mobile-first design ensures that functions such as swapping and staking can be performed with just a few clicks through an intuitive user interface. Supporting a broad range of blockchain networks, including Ethereum, Solana, Base, TON, Optimism, Arbitrum, Polygon, and Bitcoin, Tidus Wallet is a versatile tool for both novice and experienced users.
A significant advantage of Tidus Wallet is its ability to mitigate risks associated with bridging—the process of transferring assets between different blockchain networks. Traditional bridging involves multiple steps and can introduce security risks, higher fees, and added complexity, which can be particularly challenging for beginner traders. By eliminating the need for bridging, Tidus Wallet offers a more secure and streamlined user experience, reducing transaction fees and helping users navigate the Web3 landscape with greater confidence.
For more information, visit tiduswallet.com and tidusdao.com. The Tidus Wallet can be downloaded from the Google Play Store, the Apple App Store, and the Chrome Web Store.
