Nycrypto Labs Raises $800K to Launch and Scale Tidus, the Crypto Everything App
03 July 2024 - 9:00AM
Nycrypto Labs, a blockchain development hub dedicated to
simplifying the transition from Web2 to Web3, announced today that
it has raised $800,000 in pre-seed funding. The round was led by
DNA Fund, with participation from Michael Terpin’s Transform
Ventures and a host of renowned angel investors. This funding
milestone coincides with the launch of Nycrypto’s flagship product,
Tidus Wallet – the only multi-chain wallet that enables lending,
borrowing, and staking cross-chain without leaving the app.
As an intuitive, non-custodial wallet available for both desktop
and mobile, Tidus Wallet extends blockchain and DeFi accessibility
to millions who have been hesitant to explore Web3 due to its steep
learning curve and perceived security risks. 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.
“Three fundamental principles are vital for any crypto project:
accessibility, decentralization and security,” said Nycrypto Labs
and Tidus founder Dan Mulligan. “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."
Tidus is poised to revolutionize the blockchain landscape as a
multi-chain, non-custodial wallet, empowering users with
unparalleled control and security over their digital assets. With a
mobile-first approach, Tidus ensures that every function—from
swapping to staking—can be performed with just a few clicks through
an intuitive UI. Tidus also supports a wide array of blockchain
networks, including Ethereum, Solana, Base, TON, Optimism,
Arbitrum, Polygon, and Bitcoin, making it a versatile and
indispensable tool for both novice and experienced users.
Tidus Wallet mitigates the risks associated with bridging – the
process of transferring assets between different blockchain
networks – which typically involves using intermediary protocols or
platforms to convert tokens. Bridging often requires multiple steps
and can introduce security risks, higher fees, and added
complexity, which is particularly problematic for beginner traders.
By eliminating the need for bridging, Tidus Wallet offers a
much more secure and streamlined user experience, reducing
transaction fees and helping users navigate the Web3 landscape with
confidence.
For more information, visit tiduswallet.com and tidusdao.com.Or
Download https://play.google.com/store/apps/details?id=co.nycrypto.tiduswallet&hl=en_UShttps://apps.apple.com/us/app/tidus-wallet/id1602757023https://chromewebstore.google.com/detail/tidus-wallet/ifcjioleijijgmlhominkjnooimpdlin
https://twitter.com/tiduswallet
https://twitter.com/tidusdao
About Nycrypto LabsNycrypto Labs was founded in 2022 to
build easily accessible decentralized products. As its first
product, Tidus Wallet is a game-changing, decentralized wallet
offering a multi-chain, non-custodial platform that empowers users
with unparalleled control and security over their digital assets.
The Tidus Wallet is governed byTidusDAO, a new standard in DAO
governance with its Roman rules framework, blending historical
governance structures with cutting-edge blockchain technology. For
more information, visit tiduswallet.com and tidusdao.com.
Disclaimer: This press release is for informational purposes
only and does not constitute investment advice or an offer to
invest.
xenia von wedel
president
transform group
415-340-2792
xenia at transformgroup.com