Octopus Network
Beau Vallon, Mahé, Seychelles
Overview
Octopus is a cryptonetwork for launching and running Web3.0 application specific blockchains, aka appchains. By decreasing the capital expenditure for bootstrap an appchain by two orders of magnitude, from several million dollars to less than one hundred thousand dollars, Octopus Network is committed to unleash an innovation wave of Web3.0.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Blockchain
- Cryptocurrency
- Software
- Web3
Investment portfolio
- Sender
Participated · Equity · Sep 2022
Sender is a NEAR-based eco-wallet led by Kenny Qi that integrates with 30 major projects in the NEAR ecosystem. The wallet supports two hardware wallets, Ledger and Keystone, and is integrated with fiat-to-crypto providers Moonpay, Banxa, and Transak, allowing purchases in more than 140 countries. Sender plans multiple product expansions including Sender Swap (liquidity aggregation across NEAR DEXs), Sender Pool (one-stop node staking using its own pledge nodes), Sender Market (NFT market aggregator on NEAR), and Sender Pro (a commercial MPC multi-signature wallet for corporate and institutional users). The company intends to use new funding to expand its R&D team, raise its security threshold, and grow its wallet ecosystem. Sender is based across Singapore, San Francisco, London, Malaysia, and China. In December 2022 the company raised US$4.5M in funding to support these efforts.