NYC-based Nycrypto Labs raises $800K in Pre-Seed funding for Tidus Wallet, a multi-chain DeFi platform.

NYC-based blockchain development hub, Nycrypto Labs, has raised $800K in Pre-Seed funding to accelerate the launch of its flagship product, Tidus Wallet. The multi-chain wallet allows users to lend, borrow, and stake cross-chain without leaving the app and is governed by TidusDAO, a new standard in DAO governance. The funding round was led by DNA Fund, with participation from Michael Terpin's Transform Ventures and angel investors. Nycrypto Labs aims to simplify the transition from Web2 to Web3 by building accessible decentralized products.