Ethos Wallet is a decentralized wallet native to the Sui Layer 1 Blockchain and integrated with decentralized applications (apps). Just recently, the company announced a raise of $4.2 million in a seed round led by Boldstart Ventures and gumi Cryptos Capital, in participation with Tribe Capital, Mysten Labs, Matrixport, Charge Ventures, Builder Capital, Alliance DAO, and Meltem Demirors.
The company made it known in a news statement that the funds raised will be used for employment, in developing the wallet and infrastructure and expanding the product beyond standard wallet features.
CEO Nadia Eldeib and Chief Technology Officer Jared Cosulich co-founded Ethos Wallet, which became the first decentralized application to launch on the Sui Blockchain developer network.
The wallet can be used to store and exchange cryptocurrency, as well as find and create dapps inside the Sui ecosystem. In addition to its crypto wallet, the company has developed and launched an on-chain game on the Sui blockchain’s developer network, called Sui 8192, and recently released on-chain chess and checkers games. These games are interactive and dynamic NFTs, which are also integrated and can be played directly in the Ethos wallet explorer.
“When we first set our sights on developing a wallet on the Sui blockchain, it became our mission to evolve what a crypto wallet is. Currently, they are viewed as a place to store crypto assets, however, they can do much more,” Eldeib said in the press release. “With Ethos, we’re working on developing, discovering, and interacting with blockchain-based applications and to make those interactions safer and easier to use.”