Essentially the most fashioned clear contract-basically based multi-signature wallet, Gnosis Safe, has raised $100 million “to foster a vivid ecosystem of purposes” constructed on high of its clear contract accounts.
Key Takeaways
- Gnosis Safe has raised $100 million in a funding spherical led by the mission capital firm 1kx.
- Following the community’s decision to stir off from Gnosis Ltd. in February, the project furthermore printed recently that it has rebranded to Safe.
- The project plans to make exercise of the unique funding to staunch its development and expand the offering of initiatives and products that leverage its clear contract accounts.
The fashioned non-custodial digital asset management platform has furthermore rebranded to Safe.
Gnosis Safe Closes $100 Million Funding Spherical
Gnosis Safe has closed a $100 million funding spherical and rebranded to Safe.
In a Tuesday press free up, the clear contract-basically based crypto asset management platform launched that it had raised $100 million to staunch development and expand its product offering. The strategic funding spherical modified into as soon as led by 1kx, with participation from a host of totally different leading mission capital companies, alongside with Tiger World, A&T Capital, Blockchain Capital, Digital Currency Neighborhood, and ParaFi.
In February, the Gnosis community voted to stir off the Gnosis Safe project from Gnosis Ltd. and build a separate decentralized self sustaining group, dubbed SafeDAO, to spearhead the project more straight. To extra differentiate the product, the fully customizable clear contract wallet has rebranded to “Safe.”
Commenting on the $100 million funding spherical and rebranding, 1kx founding partner Lasse Clausen acknowledged:
“Safe has established itself because the universal asset management dilapidated. From DAOs to treasury management instruments to institutional custody, Safe has accomplished an unbelievable product-market match actual via all segments of crypto and established itself because the absolute winner. At 1kx, we have been lengthy customers of Safe and judge that developers and customers are handiest beginning to label the energy of composable asset management.”
Safe is a clear contract-basically based multi-signature wallet that secures over $39.5 billion in particular person funds. It’s miles often extinct by DAOs, enterprises, and retail and institutional customers who wish to administer their crypto sources in a staunch and non-custodial design. Per the press free up, Safe plans to make exercise of the unique funding to “foster a vivid ecosystem of purposes and wallets leveraging Safe clear contract accounts.” It plans to contain this via grants, ecosystem investments, and building developer instruments and infrastructure.
“For mainstream adoption of Web3 we could well like to conquer the dangers and bounds of non-public key accounts,” commented the project’s co-founder, Lukas Schor, adding that Safe affords a necessary public accurate for the industry. “The transition toward clear contract accounts will be a joined effort by the total Web3 community,” he added.
Disclosure: At the time of writing, the author of this article owned ETH and numerous totally different cryptocurrencies.
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