Context, a web3 wallet tracker, raises $19.5 million in a seed funding round co-led by Variant Fund and OpenAI CEO Sam Altman.
- Context allows users to watch the wallets of people they know from Twitter. This provides an easy way to watch on-chain activity in other people’s crypto wallets so you never miss out on new and trending NFT projects. You can use Context app to watch wallets of friends, influencers, DAOs, and celebrities.
- Context believes that watching the wallets of others will be the “follow/subscribe of the Web 3 era” and takes inspiration from platforms such as Instagram and Pinterest. The point is to catch on to “new and trending [non-fungible token] projects.”
- The company also released a new version of its product that will now help users automatically find the wallets linked to people they know on Twitter.
- Launched last year, Context is led by co-founders Luke Miles and Adam Ludwin.
- Just like Context, there are several other tracking tools that let users follow the activities in the web3 space.
- Nansen, which last year raised $75 million at a ten times valuation, offers on-chain data with millions of wallets labels of high-value investors.
- The seed funding round also attracted investment from Dragonfly Capital, Quora CEO Adam D’Angelo, and Phantom CTO and co-founder Francesco Agosti, among others.
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