United

Dynamic

Read

Castle

<p class="is-style-lead">A16z is leading Dynamic Labs’ $13.5 million series A round, as the web3 authenticator platform streamlines wallet access and ensures web3 login accessibility.&nbsp;</p> 
<p>The funding round also included participation from Founders Fund, Castle Island Ventures, Breyer Capital, Nikil Viswanathan, and Joe Lau from Alchemy.</p> 
<h2 class="wp-block-heading" id="enhancing-accessibility">Enhancing accessibility</h2> 
<p>Dynamic Labs <a href="http://fortune.com/crypto/2023/12/13/dynamic-labs-raises-13-5-million-dollars-a16z-founders-fund/(opens in a new tab)" target="_blank" rel="noopener">revealed</a> the funds raised would be instrumental in advancing its support for Web3 builders striving to enhance accessibility in the industry by integrating embedded or branded wallets and promoting digital ownership inclusivity.</p> 
<p> You might also like: <a href="https://crypto.news/annual-a16z-report-spotlights-crypto-policy/"> Annual a16z report spotlights crypto policy </a> </p> 
<p>Dynamic Labs provides a range of tools designed to assist developers in creating web3 login experiences accessible to users of all levels of crypto expertise. The multi-chain platform accommodates six chains: EVM, Solana, Starknet, Algorand, Cosmos, and Flow.</p> 
<p>Per a&nbsp;<a href="https://www.dynamic.xyz/blog/series-a" target="_blank" rel="noreferrer noopener">blog post</a>&nbsp;released by Dynamic, over 1.6 million unique users across the six chains have utilized the Dynamic platform through branded and embedded wallet login flows in the current year alone.</p> 
<h2 class="wp-block-heading" id="the-influence-of-blockchains-on-the-future">The influence of blockchains on the future</h2> 
<p>In addition to many major funding rounds, <a href="https://crypto.news/annual-a16z-report-spotlights-crypto-policy/">a16z unveiled its annual State of Crypto Report in November</a>, examining the influence of blockchains on the future of emerging technology in the United States from a policymaker’s perspective.</p> 
<p>The report highlights the venture capital firm’s stance that effective regulation should prioritize consumer protection and establish clear compliance pathways in another step toward continued innovation.</p> 
<p> Read more: <a href="https://crypto.news/a16z-crypto-sees-bright-future-for-blockchain-in-2024-says-it-can-decentralize-generative-ai/"> A16z crypto unveils blockchain’s key use cases with AI </a> </p>

A16z Founders Fund leads $13.5m funding round for crypto onboarding startup

Table of Contents

crypto.news

Other articles published on Dec 13, 2023

TIA Token Hits New All Time High Amid Celestia Polygon Integration

Bitcoin Ransom Threatens Spider-Man 2 Developer: Pay 50 BTC Or This Could Happen

Renowned Analyst Cryptonary Projects Growth for Solana – Traders Diversify With Pullix Following ...

Crypto Market Turmoil: Analyzing Ethereum’s Fall

Solana Finds Stability at $65: What Lies Ahead for the Cryptocurrency?

Analyst predicts $50K Bitcoin by the end of the year, investors bullish on InQubeta (QUBE) launch...

Join our free newsletter for daily crypto updates!