Ethos Wallet Raises $4.2M in Seed Funding

Ethos Wallet, a San Diego, CA-based provider of a product for users to access digital assets and decentralized applications, raised $4.2M in Seed funding.

The round was led by Boldstart Ventures and gumi Cryptos Capital, with participation from Mysten Labs, Tribe Capital, Matrixport, Charge Ventures, Builder Capital, Alliance DAO, and Meltem Demirors.

The company intends to use the funds to increase headcount, continue the development of its wallet, developer infrastructure and apps, and expand capabilities outside of traditional wallet functionality.

Co-founded by Nadia Eldeib (CEO) and Jared Cosulich (CTO), Ethos is a wallet that aims to provide web3 users an integrated experience to store digital assets, and discover and engage with decentralized applications. Ethos was the first application live on the Sui developer network. Sui is a layer 1 blockchain built by Mysten Labs, a team previously from Facebook’s Diem team who raised over $300M in funding. Ethos was founded on the core principle of providing users an easy-to-use and secure wallet to not only store and trade crypto, but also discover and experience other applications on the Sui blockchain. The company’s technology will also make it easier for developers to build decentralized applications on the Sui blockchain.

In addition to its crypto wallet, the company has built and launched an on-chain game on the Sui blockchain’s developer network, called Sui 8192, and recently released on-chain chess and checkers games. These games are interactive and dynamic NFTs, which are also integrated and can be played directly in the Ethos wallet explorer.