TipLink, a platform designed to ease the distribution of crypto assets, has secured $6m in seed funding. The funding round was co-led by Multicoin Capital and Sequoia Capital, with support from other investors including Asymmetric, Big Brain Ventures, Circle Ventures, Karatage, Monke Ventures, Paxos, and Solana Ventures, as well as well-known angels Vinny Lingham, Liu Jang and Sarah Guo.
The platform enables anyone to deposit and send any form of digital asset to another person without the need for a crypto wallet. This allows for greater mainstream adoption of cryptocurrency.
TipLink has also launched a simple API that enables developers and companies to generate and deposit any number of assets into TipLinks, which can then be shared in emails, text messages and other forms of digital communication.
TipLink is positioning itself as an ultra-light, non-custodial wallet that lives in a browser. The platform has already been successful since its beta launch in September 2022, and has been used for payments, gifting and giveaways.
The latest funding will be used to develop link wallet functionality, improve the API and expand engineering and business development to support partnerships. TipLink also aims to onboard the first billion people into crypto.
According to Ian Krotinsky, founder and CEO of TipLink, the platform solves one of the biggest problems in crypto by making it possible to send digital assets in a frictionless way.
Spencer Applebaum, Principal of Multicoin Capital, believes that TipLinks will transform the way digital assets are shared in more casual settings and will be a key enabler that helps brands and companies experiment with and share digital assets in the future.
Daniel Chen of Sequoia has also commented on TipLink, describing it as a “novel form factor that makes receiving any crypto asset easier than ever before”.
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