Nycrypto Labs, a hub for blockchain development aimed at simplifying the transition from Web2 to Web3, has announced that it successfully raised $800,000 in pre-seed funding. The funding round was led by DNA Fund, with participation from Michael Terpin’s Transform Ventures and a number of well-known angel investors. This funding milestone coincides with the launch of Nycrypto’s flagship product, Tidus Wallet – a unique multi-chain wallet that allows lending, borrowing, and staking cross-chain without leaving the app.
Tidus Wallet is an intuitive, non-custodial wallet available for both desktop and mobile, extending blockchain and DeFi accessibility to millions of users 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 offers multi-chain compatibility, reducing 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.
Dan Mulligan, the founder of Nycrypto Labs and Tidus, stated, “Three fundamental principles are vital for any crypto project: accessibility, decentralization and security. 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 seamlessly blend these principles while also rewarding users for using the product.”
Tidus is set to revolutionize the blockchain landscape as a multi-chain, non-custodial wallet, giving users 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. 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 the app from the following links:
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 by TidusDAO, 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. 
