Tykhe Block Ventures, known for its Web3-focused investments, is making a strategic investment in Odsy Network, which is working on the security of the Web3 economy.
Highlights of the Investment
Odsy Network aims to enable Web3 to move forward more systematically and more securely in the future. Tykhe Block Ventures, on the other hand, focuses on Web3-oriented projects. Odsy Network’s dynamic decentralized wallets maximize Web3 security by providing a decentralized access layer. When we look at the goals and activities of both companies, we can say that a strategic investment move is inevitable. Ganesh Kompella Investment Partner, Tykhe Block Ventures said:
“Odsy Network is well-positioned to become the de facto choice for secure and reliable access to Web3 applications and services. We believe that the potential applications and use cases for Odsy Network will only continue to increase over time. We look forward to working with the Odsy team to unlock the full potential of the Web3 world.”
About Odsy Network
Odsy Network is the dWallet network that provides a reliable, programmable, decentralized access layer for Web3 through dynamic, decentralized wallets. Odsy Network uses many multiple layers of security, including MPCs and TEEs. Odsy Network’s priority is to keep dWallets safe. The team behind Odsy Network consists of experienced people who have previously worked in important positions in the blockchain field, such as David Lachmish, co-founder of Orthodox AI, Omer Sadika, former CEO and co-founder of Salt Security, and Sean Lee, former CEO and chairman of the board of directors of Algorand.
About Tykhe Block Ventures
Tykhe Block Ventures is a US-based investment firm founded in 2021. Tykhe Block Ventures invests in blockchain and Web3-based projects, primarily focusing on decentralized technologies, digital assets and infrastructures. The company has invested in more than 25 projects so far, including dWalletLabs, Trust Machines, FanTiger, and RMRK.
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