Nycrypto Labs secures $800k funding for launch of Tidus, an all-encompassing crypto app

Nycrypto recently achieved funding for the launch of its primary product, Tidus Wallet. This wallet offers multi-chain compatibility, reducing the risk of click fraud and providing decentralized security and privacy, educational resources, and seamless integration with native Dapps. It aims to make engaging with Web3 and DeFi more accessible to millions while addressing the steep learning curve and perceived security risks.

Available for both desktop and mobile, it can be found in iPhone and Android stores. According to Nycrypto Labs and Tidus founder Dan Mulligan, three fundamental principles are crucial for any crypto project: accessibility, decentralization, and security. He mentioned that many platforms focus on one principle, like accessibility, at the expense of decentralization and security, and without decentralization, security is often compromised.

Tidus and TidusDAO strive to blend these principles seamlessly while rewarding users for using the product. Tidus supports networks such as Ethereum, Solana, Base, TON, Optimism, Arbitrum, Polygon, and Bitcoin. This versatility makes it a suitable tool for users seeking to navigate the Web3 landscape with confidence and reduce transaction fees through intermediary protocols or platforms.

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