An innovative app is poised to revolutionize the cryptocurrency landscape with its groundbreaking features. Dubbed as the first multi-chain, multi-layer, non-custodial wallet, it integrates in-app lending, borrowing, swapping, and staking while minimizing the risks associated with blockchain bridging.
Nycrypto Labs, a leading blockchain development hub dedicated to advancing the transition from Web2 to Web3, recently announced securing an impressive $800,000 in pre-seed funding. This financial milestone coincides with the launch of their flagship product, Tidus Wallet. Positioned as the premier multi-chain wallet, Tidus Wallet facilitates cross-chain lending, borrowing, and staking directly within its platform.
The funding round was spearheaded by DNA Fund, with participation from Transform Ventures, led by the renowned Michael Terpin, alongside a consortium of distinguished angel investors.
Tidus Wallet was meticulously crafted to address the inherent risks of blockchain bridging, which traditionally involves transferring assets between different blockchain networks via intermediary protocols. This process often introduces security vulnerabilities, heightened fees, and increased complexity, which can be daunting for novice traders.
By eliminating the need for bridging, Tidus Wallet ensures a more secure and streamlined user experience, significantly reducing transaction costs and empowering users to navigate the Web3 ecosystem with confidence. Offering multi-chain compatibility, Tidus Wallet enhances security and privacy through decentralized architecture, while also providing educational resources and seamless integration with native Dapps, thus catering comprehensively to diverse DeFi needs.
The wallet’s introduction marks a significant leap in blockchain and DeFi accessibility, aiming to lower the barriers for millions of users apprehensive about the steep learning curve and security concerns associated with Web3 technologies. Available as a non-custodial solution across desktop and mobile platforms, Tidus Wallet can be accessed via the iPhone and Android app stores.
Dan Mulligan, founder of Nycrypto Labs and Tidus, emphasized the core principles guiding their project: accessibility, decentralization, and security. Unlike platforms that prioritize one principle over others, Tidus and its associated DAO seamlessly integrate all three, ensuring robust security without compromising decentralization. Users are incentivized for active engagement with the platform, reinforcing its utility and appeal.
Tidus Wallet supports a wide array of networks including Ethereum, Solana, Avalanche, TON, Optimism, Arbitrum, Polygon, and Bitcoin, underscoring its versatility and appeal to a diverse user base seeking reliable blockchain solutions.