Tidus takes an innovative step in the cryptocurrency industry, becoming the first cross-chain multi-layer, non-controlling wallet that offers cross-chain lending, borrowing, swapping and staking in a single application.

Behind this investment success of Nycrypto Labs is a strong investor group. While DNA Fund led the funding round, Transform Ventures, led by experienced cryptocurrency investor Michael Terpin, and a number of angel investors specialized in their field also joined the group. This investment underscores Nycrypto Labs’ commitment to making cryptocurrency technology more accessible and accelerating Web3 adoption.

Tidus Wallet aims to reduce the risks brought by the “bridging” process used to transfer cryptocurrencies between different blockchains. Bridging is often a complex process and requires the use of intermediary protocols or platforms to transfer assets. This can create security risks, high transaction fees and additional complexity, especially for users new to the cryptocurrency world.

Tidus Wallet eliminates this need for bridging with its innovative approach. In this way, users have the opportunity to reduce transaction fees and act confidently in the Web3 ecosystem by experiencing a more secure and hassle-free experience.

Tidus Wallet offers cross-chain compatibility, allowing users to access multiple blockchains from a single wallet. This feature is time-saving and useful, especially for users transacting on different blockchains. Additionally, cross-chain compatibility reduces the risk of fraud known as “click fraud.”

Tidus offers a non-custodial structure by adopting an innovative approach to security and privacy. In this way, users are relieved of traditionally existing security concerns by ensuring that their cryptocurrencies are kept under their own control.

Tidus Wallet also offers educational resources and seamless integration features into native DApps (decentralized applications) to further improve the user experience. In this way, users can easily access the information they need as they step into the Web3 ecosystem and benefit from the innovative applications offered by DApps.

Tidus Wallet stands out as an ideal solution for users who want to enter the decentralized finance (DeFi) field, thanks to the comprehensive features it offers. DeFi transactions such as lending, borrowing, staking and swapping of cryptocurrencies can be carried out through a single application with Tidus Wallet. In this way, users can easily and safely access the financial tools offered by the DeFi ecosystem.

Dan Mulligan, founder of Nycrypto Labs, emphasizes that one of the main goals in the development of Tidus Wallet was to make Web3 technology more accessible. “Three core principles are vital for any cryptocurrency project: accessibility, decentralization and security,” says Mulligan.

Tidus Wallet supports industry-leading blockchains such as Ethereum, Solana, Base, TON, Optimism, Arbitrum, Polygon and Bitcoin. In this way, users can access a wide range of cryptocurrencies and DeFi applications from a single wallet.