Odsy Network is a technology company.
Odsy Network has raised $8.0M across 1 funding round.
Odsy Network has raised $8.0M in total across 1 funding round.
Odsy Network has raised $8.0M in total across 1 funding round.
Odsy Network's investors include Blockchange Ventures, G2VP, Mike Abbott.
Odsy Network is a layer 1 blockchain developing decentralized wallets (dWallets) to simplify Web3 access by eliminating the need for multiple chain-specific wallets.[1][2] It serves crypto users, developers, and institutions facing wallet fragmentation, solving the "significant challenge" of managing diverse blockchain logins that hinder adoption as networks proliferate.[1] In 2023, it raised $7.5M at a $250M valuation, led by Blockchange Ventures with Rubik Ventures, Node Capital, and FalconX, funding dWallet development and the Odsy Foundation's push for decentralized Web3 access control.[1][4]
The platform enables secure, programmable access across Web3 protocols via transferable signing mechanisms compatible with nearly any blockchain, enhancing security, compliance, and utility.[2][3][4]
Odsy Network emerged to address Web3's wallet proliferation, where users need separate logins per blockchain akin to internet accounts, creating maintenance headaches amid growing networks.[1] The Odsy Foundation, based in Zug, Switzerland, drives adoption, with dWallet Labs Ltd. building protocols, solutions, and professional services atop the network.[1][5] A pivotal moment was the May 2023 $7.5M raise at $250M valuation, validating its dWallet primitive for generating digital signatures across chains.[1][3] No specific founders are named in available data, but the focus evolved from core blockchain infrastructure to programmable, interoperable access layers.[2]
Odsy rides the Web3 interoperability and multi-chain trend, where exploding blockchain networks demand unified access to boost mainstream adoption.[1][2] Timing aligns with rising privacy needs (e.g., zero-knowledge tech like USAD on Aleo) and institutional crypto entry, as wallet friction limits growth.[1] Market forces like VC interest in Layer 1 solutions and compliance tools favor it, influencing the ecosystem by standardizing dWallets as a primitive that could reduce silos and enable programmable dollars across chains.[1][3][4]
Odsy is poised to scale dWallet adoption post-2023 funding, potentially integrating deeper with privacy stablecoins like USAD and expanding to enterprise use via dWallet Labs' services.[1][5] Multi-chain growth and regulatory clarity will shape its path, evolving its influence from wallet innovator to Web3 access standard-setter. As fragmentation persists, Odsy's decentralized layer could redefine user onboarding, tying back to its core mission of frictionless, secure Web3 entry.[2][4]
Odsy Network has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $8.0M Seed | Blockchange Ventures, G2VP, Mike Abbott |