The most popular clever contract-based multi-signature wallet, Gnosis Safe, has actually raised $100 million "to promote a lively community of applications" developed on top of its clever agreement accounts.
Key Takeaways
- Gnosis Safe has actually raised $100 million in a financing round led by the equity capital company 1kx.
- Following the neighborhood's choice to spin off from Gnosis Ltd. in February, the job likewise exposed today that it has actually rebranded to Safe.
- The task prepares to utilize the brand-new financing to protect its development and broaden the offering of jobs and items that utilize its wise agreement accounts.
The popular non-custodial digital possession management platform has actually likewise rebranded to Safe.
Gnosis Safe Closes $100 Million Funding Round
Gnosis Safe has actually closed a $100 million financing round and rebranded to Safe.
In a Tuesday news release, the wise contract-based crypto property management platform revealed that it had actually raised $100 million to protect development and broaden its item offering. The tactical financing round was led by 1kx, with involvement from a host of other leading equity capital companies, consisting of Tiger Global, A&T Capital, Blockchain Capital, Digital Currency Group, and ParaFi.
In February, the Gnosis neighborhood voted to spin off the Gnosis Safe job from Gnosis Ltd. and develop a different decentralized self-governing company, called SafeDAO, to spearhead the job more straight. To even more separate the item, the completely personalized wise agreement wallet has actually rebranded to "Safe."
Commenting on the $100 million financing round and rebranding, 1kx starting partner Lasse Clausen stated:
" Safe has actually developed itself as the universal property management primitive. From DAOs to treasury management tools to institutional custody, Safe has actually attained an unbelievable product-market fit throughout all sections of crypto and developed itself as the outright winner. At 1kx, we have actually been long users of Safe and think that designers and users are just starting to comprehend the power of composable possession management."
Safe is a clever contract-based multi-signature wallet that protects over $395 billion in user funds. It is generally utilized by DAOs, business, and retail and institutional users who want to handle their crypto properties in a protected and non-custodial way. Per journalism release, Safe strategies to utilize the brand-new financing to "promote a lively environment of applications and wallets leveraging Safe clever agreement accounts." It prepares to do this through grants, community financial investments, and structure designer tools and facilities.
" For traditional adoption of Web3 we require to conquer the threats and restrictions of personal essential accounts," commented the job's co-founder, Lukas Schor, including that Safe offers an important public helpful for the market. "The shift towards wise agreement accounts will be a signed up with effort by the whole Web3 neighborhood," he included.
Disclosure: At the time of composing, the author of this short article owned ETH and numerous other cryptocurrencies.
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