Web3 blockchain development project Nycrypto Labs completes $800,000 Pre-Seed round of financing, led by DNA Fund

Odaily News Nycrypto Labs, a blockchain development project dedicated to simplifying the transition from Web2 to Web3, announced the completion of a $800,000 Pre-Seed round of financing, led by DNA Fund, with participation from Transform Ventures and a group of angel investors. The specific valuation data has not yet been disclosed. The new funds will support the launch of Tidus Wallet, a multi-chain wallet that enables cross-chain lending and staking without leaving the application, in order to reduce the risks associated with bridging (the process of transferring assets between different blockchain networks). (bizzbuzz)