The Future of Web3 is Now Safer: Webacy Closes $4M Seed Round

• ChainwireWebacy has closed a $4M seed round to make web3 safer.
• The round was led by gmjp, and included notable investors such as Gary Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp and more.
• Webacy is building products to help people protect their digital assets without the need for custody or storage of keys.

ChainwireWebacy Closes Seed Round

ChainwireWebacy has announced the successful closure of a $4M seed round to support its goal of making web3 safer. The round was led by gmjp and also included notable investors such as Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers and Miraise. This brings Webacy’s total financing to over $5M.

Notable Investors

Louis Kang from gmjp said: „We’re excited to back incredible founders building important companies that solve important problems in the world today in web3.“ AJ Vaynerchuk from VaynerFund added: „We’ve seen a huge need for safety products amongst our communities at VaynerSports Pass and Veefriends.“

Products Built Using Smart Contracts

Webacy is building comprehensive and easy-to-use products to help people protect their self-custodied digital assets without the need for custody or storage of keys. Their Safety Suite includes Wallet Watch (real-time wallet monitoring), Backup Wallet (for loss of access/keys/phrases), Panic Button (bulk sends assets to safe house wallet) and Crypto Will (assets are transferred to beneficiaries). All these solutions are built using smart contracts which customers can sign themselves thereby setting triggers that enable transfer of assets from one wallet to another.

Mass Movement Of Assets To Self-Managed Wallets

With more users moving away from centralized environments towards self-managed wallets there is an increasing need for protection solutions like those offered by Webacy. Maika Isogawa from Webacy said: „To welcome the next billion users to web3 we’ll need a safe environment that allows everyone to transact safely“.

Conclusion

Overall this seed round represents both an exciting milestone for Webacy as well as an opportunity for them to make digital asset protection accessible on web3 platforms worldwide through their suite of safety products built with smart contracts technology.