Odsy network has raised $7.5 million for their layer 1 blockchain and accompany decentralized crypto wallets. The endeavor was spearheaded by Blockchange Ventures and received contributions from institutional investors such as Rubik Ventures, Node Capital, and FalconX. The fundraising resulted in Odsys’s network earning a $250 million valuation.

The Odsy Foundation, a Zug, Switzerland-based counterparty, is putting their energy into accelerating cryptocurrency adoption by decentralizing access control. This will eliminate the requirement for users to hold multiple wallets to access various networks and applications.

Ken Seiff, a General Partner of Blockchange Ventures, expressed the difficulty encountered in managing different wallets. As the number of blockchain networks proliferates, he believed that this challenge will become even greater in magnitude.

Odsy wallets (dWallet) will give users access to web3 protocols, different platforms, and the ability to perform transactions on other blockchains at their finger tips. To do this, its pockets leverage transferable signing mechanisms from the Odsy Network.

On the same note, dWallet Labs was able to secure $5million for Odsy-based projects. This includes blockchain security for other Odsy-based ventures. The round was led by CoinDesk parent company Digital Currency Group.

In conclusion, Odsy’s foray into the blockchain and decentralized wallet space is sure to be a success. It looks to make life easier for people, who are interested in blockchain and cryptocurrencies, but find difficulty in the keeping up with the technology’s ever-changing pace. By simplifying access control, Odsy could give access to a greater part of the market, making cryptocurrency available to more people.



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