BlocksInform
Ethos wallet, which integrates with decentralised applications (dapps) on the blockchain sui, has raised $4.2 million in a start-up financing cycle led by bold companies and gumi cryptos capital. The funds will be used for hiring, continued development of the wallet and developer infrastructure and to expand the product beyond traditional wallet capabilities, according to a press release Thursday.
Other investors in the cycle included mysten laboratories, tribe capital, matrixport, charge ventures, builder capital, a dao-meltem-demirors alliance, who is the strategy leader within a digital asset investment company, among others.
Cofounded by Nadia Eldbei and Jared Cosulich, Technical Director, ethos wallet was the first app to be launched last year through sui's developer network, a layer one blockchain constructed by mysten labs, that is made up of veterans of Facebook parents' meta platforms' (meta) abandoned diem stablecoin project.
The portfolio can be used for storing and exchanging cryptos and assisting in discovering and building dapps in the sui ecosystem. Ethos portfolio team also launched chain play sui 8192 and chess and checkers supported by nonfungible chips (). Games can be played straight into the portfolio.
"When we first focused on building a portfolio on the sui blockchain, it became our mission to evolve what constitutes a crypto portfolio. Currently, they are considered a storage location for crypto assets, but they have the capacity to do much more,' said eldeib in the press release. "Together with Ethos, we work to develop, discover and interact with blockchain-based applications and make them safer and easier to use."
