dWallet Labs, a Tel Aviv, Israel-based cybersecurity company specializing in blockchain technology, raised $5M in pre-seed funding.
The round was led by Node Capital and Digital Currency Group (DCG), and joined by Amplify Partners, Lightshift Capital, Liquid2 Ventures, Collider Ventures, Lemnsicap, Heroic Ventures, Impatient Ventures, Zero Knowledge, Dispersion Capital, Token Bay Capital, Tykhe Block Ventures, Cerulean Ventures and Earl Grey Capital alongside founders and angel investors from Coinbase, Ethereum, Celo, AngelList, Alt, Spearhead, and others.
The company intends to use the funds for building protocols and projects on top of the Odsy Network.
Led by Omer Sadika, Founder and CEO, dWallet Labs is a cybersecurity company specializing in blockchain technology. It is building SingleWallet, an interface to interact with dWallets on the Odsy Network, which provides a secure, programmable, decentralized access layer to all of web3 through dynamic, decentralized wallets (dWallets). A dWallet is a signing mechanism paired to a public key and constrained by dynamic access control, that operates within a decentralized state machine (e.g. blockchain). dWallets can sign transactions on any blockchain network that leverages the universally adopted signing algorithms (e.g. ECDSA, EdDSA, etc.)
The Odsy Network was founded by Omer Sadika, David Lachmish, Sean Lee and Yehonatan Cohen Scaly, with the Zug, Switzerland-based Odsy Foundation that will support and develop the wider Odsy ecosystem.
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