{"id":83301,"date":"2024-07-02T16:54:59","date_gmt":"2024-07-02T20:54:59","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83301"},"modified":"2024-07-02T16:56:03","modified_gmt":"2024-07-02T20:56:03","slug":"nycrypto-labs-secures-800k-to-launch-tidus","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nycrypto-labs-secures-800k-to-launch-tidus\/","title":{"rendered":"Nycrypto Labs Secures $800k to Launch Tidus"},"content":{"rendered":"\n

With the goal of reducing bridging risks, this software will be the first multi-chain, multi-layer, non-custodial wallet<\/a> to provide in-app lending, borrowing, trading, and staking.\u00a0
<\/p>\n\n\n\n

\"Nycrypto
Nycrypto Labs Secures $800k to Launch Tidus<\/figcaption><\/figure>\n\n\n\n

The blockchain development hub Nycrypto Labs, which aims to accelerate the Web2 to Web3 transition, has revealed that it has successfully raised $800,000 in pre-seed funding. <\/p>\n\n\n\n

The release of Tidus Wallet, the main product of Nycrypto, and this financial milestone occur simultaneously. As the only multi-chain wallet available, this wallet enables cross-chain borrowing\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, staking, and lending within the app. <\/p>\n\n\n\n

The investment round was led by DNA Fund and included a number of notable angel investors as well as Transform Ventures, which Michael Terpin runs.\u00a0<\/p>\n\n\n\n

Tidus Wallet<\/h2>\n\n\n\n

The wallet was developed to mitigate the risks involved in bridging, or the movement of assets across other blockchain networks<\/a>. Token conversion through intermediary protocols or platforms is a common practice in bridging. <\/p>\n\n\n\n

Multiple processes, more complexity, more significant fees, and security threats are all associated with bridging, which can be especially difficult for novice traders. <\/p>\n\n\n\n

Tidus Wallet provides a more efficient and safe user experience by doing away with the necessity for bridging. This lowers transaction costs and gives consumers more confidence to explore the Web3 environment. <\/p>\n\n\n\n

With its multi-chain interoperability, Tidus lowers the possibility of click fraud. It is a complete answer for your DeFi needs since it offers decentralized security and privacy, training materials, and smooth integration with native Dapps. <\/p>\n\n\n\n

The wallet addresses the challenging learning curve and perceived security threats while increasing blockchain and DeFi accessibility, facilitating Web3 engagement for millions of users. It is a non-custodial wallet<\/a> found in the iPhone and Android app stores and accessible on PC and mobile devices.\u00a0<\/p>\n\n\n\n

\u201cThree fundamental principles are vital for any crypto project: accessibility, decentralization and security,\u201d said Nycrypto Labs and Tidus founder Dan Mulligan. <\/p>\n\n\n\n

\n

\u201cMany platforms only focus on one principle, like accessibility, at the expense of decentralization security and without decentralization security is often compromised. Tidus and TidusDAO blend these principles seamlessly while simultaneously rewarding users for using the product.\u201d\u00a0<\/p>\n<\/blockquote>\n\n\n\n

Tidus is a flexible tool that is appropriate for users, supporting networks like Ethereum, Solana, Base, TON, Optimism, Arbitrum, Polygon, and Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the goal of reducing bridging risks, this software will be the first multi-chain, multi-layer, non-custodial wallet to provide in-app lending, borrowing, trading, and staking.\u00a0 The blockchain development hub Nycrypto Labs, which aims to accelerate the Web2 to Web3 transition, has revealed that it has successfully raised $800,000 in pre-seed funding. The release of Tidus […]<\/p>\n","protected":false},"author":43,"featured_media":83302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1659,20347,20346],"class_list":["post-83301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-funding","tag-nycrypto-labs","tag-tidus-wallet"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/croc_1719952763022.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83301"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83302"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}