Echooo wallet, a smart contract wallet for arbitral-compatible applications, has achieved two milestones: surpassing 10,000 accounts on the zkSync chain and raising $15 million in funding from Skyview and other investors.
Echooo wallet, a smart contract wallet that allows users to access various arbitral-compatible applications (AA) on the blockchain, has announced two major achievements.
The wallet has exceeded 10,000 accounts on the zkSync chain, a layer-2 scaling solution for Ethereum, and has secured $15 million in funding from Skyview, a leading investment firm in the crypto space.
Echooo and zkSync: A Powerful Partnership
The success of Echooo Wallet on the zkSync chain is the result of its strategic partnership with zkSync, which was formed in June 2023.
The partnership has enabled Echooo to leverage zkSync’s technology to enhance its wallet’s performance and user experience on the blockchain.
Using zkSync, Echooo wallet can offer its users fast and cheap transactions and access to various AA services, such as decentralized exchanges, lending platforms, gaming platforms, and more.
Echooo wallet also supports multiple tokens, including ETH, USDT, DAI, LINK, and CRV.
Co-founder and CEO, Alex Lee, commented on the partnership:
“We are thrilled to partner with zkSync, the leading layer-2 solution for Ethereum. Together, we are bringing the best of both worlds to our users: the security and decentralization of Ethereum and the speed and scalability of zkSync. Echooo wallet is the ultimate smart contract wallet for AA enthusiasts.”
Echooo Raises $15 Million in Funding
Echooo wallet’s achievements have not gone unnoticed by the crypto industry. The wallet has recently secured $15 million in funding from Skyview, a prominent investment firm that focuses on emerging technologies and digital assets.
The funding round also saw participation from other notable investors, such as Hashed, Pantera Capital, and Fenbushi Capital.
The funding will be used to further develop Echooo’s innovative features and services and expand its global presence and user base.
Echooo plans to launch new products and partnerships in the near future, as well as to support more blockchain networks and tokens.
Echooo Attracts Over 276K Users
The smart contract wallet’s popularity among the crypto community is evident from its impressive user count.
The wallet now serves over 276,000 users across the world.
The platform’s intuitive interface, coupled with its robust security protocols and seamless integration with multiple blockchain networks, has appealed to both seasoned traders and newcomers in the crypto space.
Echooo wallet’s vision is to provide a simple and secure way for users to interact with various AA services on the blockchain.
The wallet aims to empower users with more control over their assets and transactions, as well as to enable them to explore new opportunities and experiences in the decentralized ecosystem.
