Leap raises $3.2 Mn in a token round led by CoinFund and Pantera Capital.
- ByStartupStory | April 7, 2022
Leap, a cryptocurrency platform, has secured $3.2 million in a round led by CoinFund, a blockchain-focused investment firm, and Pantera Capital. Arrington Capital, Accel, and Terraform Labs all participated in the private share offering.
Leap is a non-custodial Terra wallet that combines dApps, staking, DeFi, NFTs, and other features into a single platform. The investment, according to the company, will help the team’s growth, particularly in the areas of engineering and design, as well as product development.
The Leap team is working to improve their cutting-edge wallet with ease of use and security at the core of their operations as the Terra ecosystem continues to grow at a rapid pace. The platform is based like Web2 consumer applications, making it simple to store, send, stake, and swap tokens for crypto-curious and crypto-native users alike. Leap does not have access to user funds and does not retain their private keys because it is a non-custodial wallet. The platform is intended to protect consumers against phishing and other types of scams.
Leap, which was founded in November 2021 by Sanjeev Rao, is developing a platform that will allow customers to access all of the Terra crypto ecosystem’s features in one spot. The software will include NFTs, gaming, identification, social, commerce, and interactive media experiences in addition to typical wallet functionality.
In-wallet swaps, fiat on ramps, and cross-chain transfers are just a few of the present features. Users can see their NFT collection in their wallet, and floor price metadata will be available soon. Leap wants to construct a scalable Dapp-store that will allow developers to create permissionless in-wallet micro apps over time. Leap also announced the release of their iOS and Android apps recently.
Follow Startup Story
Related Posts
