DeFI News by Thebittimes.Com

A digital wallet system is reshaping the financial landscape by targeting non-tech-savvy users to make Web3 easy for everyone. It can be challenging for newcomers to explore the crypto and Web3 world, and the gap between traditional finance and crypto makes matters worse. This wallet management solution addresses these challenges by simplifying crypto interactions. Web3 can empower communities and individuals through the utilization of blockchain infrastructures and trustless systems. However, this emerging ecosystem presents many challenges due to its complex nature and the division between the Web3 space and traditional financial systems. Key challenges to crypto adoption The decentralization and processes associated with digital currencies can be less familiar to those accustomed to traditional banking, with its concepts and onboarding steps often posing adoption hurdles. This challenge is heightened by the disjointed infrastructure between bank accounts and crypto wallets, resulti...

The company says it wants to make it easier for users to engage with Web3 and use digital wallets. The Easy Company, a startup focusing on building a consumer layer for the decentralized web, has raised $14.2 million in a seed round for its “social” crypto wallet, which seeks to help onboard more mainstream audiences into the Web3 ecosystem.  As reported by TechCrunch, the seed funding round was supported by a diverse group of investors, including venture capital firms Lobby Capital, Relay Ventures and 6th Man Ventures, as well as Tapestry, Upside and Scribble. Additionally, the round featured angel investors with backgrounds in traditional social media and Web3, including former executives from Instagram, Novi, Airbnb, Twitter, Uber, OpenTable and Eventbrite. 8/ Easy is backed by Lobby Capital, Relay Ventures, 6th Man Ventures, Tapestry VC, Upside Partnership, Scribble Ventures and other experienced social and web3 Investors. — The Easy Company (@TheEasyCoHQ) January 10, 2023...