Crypto Wallet Security Layer Webacy Raises $4M

Webacy, a startup helping make self-custodial wallets more secure, has closed a $4 million seed funding round led by Web3-focused investment firm gmjp with entrepreneur Gary Vaynerchuk, his brother AJ Vaynerchuk and Mozilla Ventures among the backers.

“To welcome the next billion users to Web3, we’ll need a safe environment that allows everyone to transact and own assets with the power to protect themselves. Billions of dollars worth of crypto assets were stolen and misplaced in 2022. We’re creating a safer Web3 for everyone,” Webacy CEO and founder Maika Isogawa said in a statement.

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