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CDS Startups Crypto Wallet Giddy Raises $6.9M in Funding to Further Self-Custody Adoption

Startups

Crypto Wallet Giddy Raises $6.9M in Funding to Further Self-Custody Adoption

Aziz KARTAL30/04/20231 Mins read403

Crypto Wallet Giddy Raises $6.9M in Funding to Further Self-Custody Adoption

Crypto wallet startup Giddy has raised $6.9 million in new funding, bringing total investments to in the company to more than $15 million to date.

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Crypto Wallet Giddy Raises $6.9M in Funding to Further Self-Custody Adoption

Giddy, a startup that offers a recoverable self-custody smart wallet technology for cryptocurrency, has raised $6.9 million in new funding from investors including Pelion Venture Partners, Peak Capital Partners, Clarke Capital, and Fortnite co-creator Geremy Mustard.

The company’s total investments now amount to over $15 million.

Giddy plans to use the proceeds to further its goal of bringing crypto adoption to the masses. The company believes that centralized exchanges pose serious risks to users’ funds and that self-custody is the way forward.

In Giddy’s self-custody wallet, the private key is split, encrypted, and stored across multiple locations controlled by the user to ensure safety. Additionally, the company claims that its MPC technology allows users to recover their wallet even if they lose a recovery share.

To access more crypto news: cryptodataspace.com

References

www.coindesk.com

giddy.co

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Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

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