Tinder co-founder's Jam Fund backs Fun’s $3.9 million raise
Summary
It will build applications and tools on top of the Odsy network.We want to build wallet infrastructure, we want to enable users to have more seamless access to multi-chain wallets to multi-chain accounts and those accounts should not behave in the primitive way that multi-sigs behave where every transaction is subject to the same signing rules, said Fine in an interview with The Block.What is the Odsy network?The Odsy network is a decentralized access control layer that emerged from stealth in August. It features a primitive, which is a segment of code on the blockchain, known as dynamic decentralized wallets (DWallets).DWallets are blockchain agnostic and can sign certain transactions using universally accepted algorithms. The primitive aims to help move away from the more centralized process of holding a private key directly.Were focusing on a few different ideas, Fine said. So, our plan is to work closely with them, such that at mainnet launch, once the validators are up and running, were very well positioned to take our products to market.The Odsy network is still being developed. Omer Sadika, co-founder of the network, said in an interview that a testnet could go live in the next four to six months.Becoming the ConsenSys of the Odsy networkFun aims to become the ConsenSys of the Odsy network, helping to build out applications that leverage the DWallet primitive.Its the second company to receive backing on the network.