The team of multi-chain wallet Cypher has recently announced it has closed a $4.3 million seed funding round led by startup accelerator Y Combinator.
According to reports, the company has also received funds from OrangeDAO, Samsung Next, and former Coinbase CTO Balaji Srinivasan.
The CEO of the company, Kuberan Marimutu, has said that the company’s product is focused on the simplest possible interaction with decentralized applications. According to him, the user experience of other wallets is “20 years behind.”
In addition to the usual storage, purchase and staking capabilities, Cypher offers users the ability to transfer coins between the EVM and Cosmos networks.