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Intu Had Secured $2 Million in Pre-Seed Funding From Notable Crypto Industry Players

Intu announced on Feb. 20 that it had secured $2 million in pre-seed funding from notable crypto industry players — including CoinFund, Metaweb Ventures, Fantom Foundation, Kitefin, Orrick, and angel investors.

The news comes as the release of Intu’s beta marks an essential milestone in the company’s mission to promote the aims of self-custody and decentralization.

Intu aims to empower users to select the degree of decentralization they prefer within their local circle of trust — a key feature that the founders hope will make the beta appealing to decentralized application (dApp) developers.

Founded to provide crypto wallet solutions that give developers the tools to create decentralized, recoverable, and self-sovereign web3 accounts, the platform uses what is known as a distributed externally owned accounts (dEOA) account.

(By Dorian Batycka)

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