Ethos Wallet, Based on Sui Blockchain Raised $4.2M In Seed Round Led By Boldstart Ventures

admin — Fri, 27 Jan 2023 23:49:52 +0000

Ethos Wallet, based on the Sui blockchain, reveals a $4.2 million seed round led by Boldstart Ventures and Gumi Cryptos Capital. The round for the Ethos wallet also featured participation from Tribe Capital, Matrix Port, and AllianceDAO. Notably, Mysten Labs, the creator of Sui, also contributed to the round. Mysten is led by founder and CEO Evan Cheng, who was head of research at Meta’s crypto wallet Novi Financial.

In July, Ethos, a consumer-focused crypto wallet, became the first application to go live on the Sui developer network. Developer networks, or Devnets, let developers build and experiment with projects without the higher stakes of using live cryptocurrencies.

Sui founder and CEO, Nadia Eldeib, stated in a press release:

“Even compared to Move as used by other blockchains, Sui Move is significantly easier to read and reason about. This is important because it means it is easier for developers to build creatively and iteratively, and do more while writing less code.”

sui – RE3W.IO

Ethos Wallet, Based on Sui Blockchain Raised $4.2M In Seed Round Led By Boldstart Ventures