Talisman, a Polkadot Web3 wallet platform, has raised $2.35 million in seed funding from some of the industry’s venture capital firms. Talisman also plans to release an early version of its Polkadot wallet extension later this year.
Talisman plans to launch a wallet extension by Nov. 22 after the funding round closes, according to an announcement made on Wednesday.
Talisman, which is billed as a DotSama wallet (a portmanteau of Polkadot (DOT) and Kusama (KSM) — aims to enable cross-compatibility across the Polkadot and Kusama “paraverse.”
“Talisman is aiming to become the paraverse gateway for everyday crypto users,” said Jack Platts, partner at Hypersphere Ventures, in response to the decision to support the project.
Talisman is said to be working on the first DotSama asset dashboard, which will include KSM and other parachain asset staking, Karura integration for decentralized exchange swapping, and Polkadot Crowdloan support, among other things.
NFT support, Shiden Dapp staking, and third-party fiat on-ramps are among the other key features on the Talisman roadmap.
With the seed funding secured, the team plans to expand while adding more essential features to help users interact with the DotSama paraverse ecosystem, according to the announcement.
Talisman’s launch coincides with the ongoing Kusama parachain auctions, which are forming the DotSama ecosystem.
As previously reported by Cointelegraph, the first round of parachain auctions was completed back in June with round two currently ongoing.
On Sept. 29, Kusama DeFi platform Altair won the ninth parachain auction overall and the fourth in round two. One more slot auction will take place over the next seven days before a temporary pause that will precede round three of the process.
These parachain auction winners will connect to the Polkadot Relay Chain possibly kickstarting the bootstrapping of liquidity across the Kusama and Polkadot ecosystems.
