Dynamic Labs Raises $13.5 Million in Series A Funding Round Led by a16z Crypto

Dynamic Labs Raises $13.5 Million in Series A Funding

Dynamic Labs, a web3 firm, announced on Wednesday that it has secured $13.5 million in a Series A funding round led by a16z crypto. The funding will be used to develop new non-custodial wallet tools aimed at simplifying the complexities of crypto for wallet developers.

The company expressed excitement about the funding and stated that it will help support builders in the crypto space. Dynamic Labs plans to release non-custodial wallet tools that incorporate FaceID and TouchID, making it easier for mobile users to access their wallets.

Launch of SDK v1

In addition to the funding news, Dynamic Labs also announced the official rollout of its SDK v1. This software development kit includes various improvements such as enhanced architecture, reduced package size, and a transition to the Viem TypeScript library.

The new SDK offers customization options, multi-wallet linking functionality, and an email login feature that can be combined with embedded wallet solutions.

Hot Take: Dynamic Labs Empowers Wallet Developers

Dynamic Labs’ successful Series A funding round led by a16z crypto demonstrates the growing interest and support for non-custodial wallet tools. By abstracting away the complexities of crypto, Dynamic Labs aims to empower wallet developers and make cryptocurrency more accessible for users.

The introduction of FaceID and TouchID integration in web3 wallet design is particularly noteworthy as it caters to the increasing number of mobile users in the crypto space. With their newly launched SDK v1, Dynamic Labs provides developers with enhanced capabilities and customization options for creating innovative wallet solutions.