Nycrypto Labs Raises $800K to Launch and Scale Tidus, the Crypto Everything App

 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_US

https://apps.apple.com/us/app/tidus-wallet/id1602757023

https://chromewebstore.google.com/detail/tidus-wallet/ifcjioleijijgmlhominkjnooimpdlin

https://twitter.com/tiduswallet

https://twitter.com/tidusdao

About
Nycrypto
Labs

Nycrypto
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.