Motty Lavie, the Braavos CEO, announced that a self-custodial crypto wallet Braavos had raised $10M in a funding round intending to offer self-custody in a more user-friendly way. A self-custodial crypto wallet Braavos raises $10M with the backing of Pantera Capital, a crypto-focused investment firm.
The seed funding round was led by crypto-focused investment giant Pantera Capital and other investors, including Crypto.com, DCVC, Brevan Howard Digital, Maxiport, Road Capital, and Starkware, which provided funding in May. Braavos CEO Motty Lavie highlighted the concern stating that crypto still has complex features to be handled by many users struggling with security keys and low error tolerance.
However, users should know about decentralized finance(DeFi) protocols. Braavos’ vision is to remove all these hurdles and provide a smooth user experience without hampering the crypto values of DeFi. Braavos, a smart contract-based wallet for NFT management, aims to build a compact crypto solution on StarkNet, an Ethereum scaling blockchain.