New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

Now you knowRandomStartups

Ethos Wallet Raises $4.2M In A Seed Round Led By Boldstart Ventures And Gumi Cryptos Capital

1 Mins read

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.

Ethos Wallet
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.”

171 posts

About author
We are the same, we may only be different in our experiences, values and exposures. Technology is a big part of my experience, learning is one of my values and writing my credible means of exposure.
Related posts
Artificial IntelligenceNow you knowRandom

Do You Know You Can Lose Your Study Visa For Using ChatGPT?

1 Mins read
The use of ChatGPT is causing concern among educators, with some schools outrightly banning the AI-powered tool from their networks. Such bans…
Now you knowRandom

AWS Chatbot Integrates With Microsoft Teams To Improve Interaction With AWS Resources

2 Mins read
AWS Chatbot’s integration with Teams will allow enterprise users to get notifications about events such as security risks and the status of…
Artificial IntelligenceNow you knowRandom

GPT-4: A More Versatile AI

2 Mins read
OpenAI has recently announced the launch of its latest language model, GPT-4, which has received significant improvements in performance and capabilities compared…
Get powered up with Techpadi Newsletter

Be the first to know what's happening in the African tech space

Leave a Reply