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Soul Wallet raises $3 million in seed round financing

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It is reported that Soul Wallet, the start-up company of Zeng Jiajun, the former product manager of ByteDance, has just raised $3 million in seed round financin

Soul Wallet raises $3 million in seed round financing

It is reported that Soul Wallet, the start-up company of Zeng Jiajun, the former product manager of ByteDance, has just raised $3 million in seed round financing. Soul Wallet is used to provide online self hosted Ethereum wallets based on ERC-4337. According to founder Zeng, Saul Wallet is currently undergoing internal testing and plans to launch in the third or fourth quarter after a series of rigorous reviews. The team currently has over a dozen employees throughout the United States, Japan, Thailand, and China.

Saul Wallet Announces Completion of $3 Million Seed Round Financing

Analysis based on this information:


Soul Wallet, a start-up company founded by Zeng Jiajun, a former product manager of ByteDance, has recently raised $3 million in seed round financing. The company is aimed at offering online self-hosted Ethereum wallets based on the ERC-4337 standard.

This seed round financing is a clear indication that investors see potential in Soul Wallet and are confident in the future of blockchain technology. The success of Soul Wallet can be attributed to its innovative approach to developing a secure and user-friendly platform for managing digital assets.

The platform, according to Zeng, is currently undergoing internal testing, and will launch in the third or fourth quarter of 2021. This timeline gives the team enough time to ensure that the platform is secure, scalable, and user-friendly before launching it to the public.

Additionally, the company has a team consisting of over a dozen employees in the United States, Japan, Thailand, and China. This reflects the company’s global outlook and its aim to serve users from around the world.

The use of self-hosted wallets is becoming increasingly popular in the blockchain community due to the added security and control that it provides. Online self-hosted wallets offered by Soul Wallet are expected to offer greater convenience to users who can access their wallets from anywhere without the need for specialized hardware.

In conclusion, the $3 million seed round financing raised by Soul Wallet is a milestone for the company and a testament to the potential of blockchain technology. With a global team and a focus on providing innovative solutions, Soul Wallet is set to become a leader in the self-hosted wallet space.

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