Gnosis Safe raises $100M and rebrands
- July 13, 2022
- 0
Digital asset management platform Safe, formerly known as Gnosis Safe, has raised $100 million in a strategic funding round. 1/📢 Important News: We are announcing a $100 million
Digital asset management platform Safe, formerly known as Gnosis Safe, has raised $100 million in a strategic funding round.
1/📢 Important News:
We are announcing a $100 million strategic funding round led by @1kxnetwork advancing digital asset management and unlocking ownership for all.
Read more: https://t.co/hUzlAZiXYO— Gnosis Safe (⌛️_⌛️) (@gnosisSafe) 12 July 2022
Managed by 1kx crypto fund, 63 contributors include Tiger Global, A&T Capital, Blockchain Capital, Digital Currency Group, Greenfield One, Rockaway Blockchain Fund, ParaFi, Lightspeed, Polymorphic Capital, Superscrypt, a host of other companies and individuals. investors.
Proceeds will go to the Safe Ecosystem Foundation, the nonprofit organization behind the project.
The community voted in April to form a foundation and separate the platform from parent company Gnosis Ltd.
“Safe’s goal is to create a dynamic ecosystem of apps and wallets using smart contract accounts. This will be achieved through grants, investments and the provision of tools and infrastructure for developers.
Safe’s custody solution has processed more than 600,000 transactions and has stored over $40 billion in digital assets. The platform serves large DAO treasures (1 inch, BitDAO) and corporations (Bitfinex, Shopify).
The platform’s ecosystem has more than 30 teams developing independent solutions based on it. These projects include savings products (Streams, Linen Wallet), treasury management (Coinshift, Parcel), DAO tools (Utopia Labs, Orca Protocol), NFTs (Prysm, Castle), and wallets (Rabby, Metamask Institutional).
Recall that in 2021 Apple blocked the update of the Gnosis Safe application due to NFT storage support.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
