Dynamic Team (from website))
Dynamic Labs, a Web3 startup, raised $13.5 million in a Series A funding round led by a16z crypto and joined by Founders Fund, Castle Island Ventures, Breyer Capital, Nikil Viswanathan and Joe Lau from Alchemy, and others.
Web3 is an umbrella term for a set of ideas and technologies aimed at creating a more decentralized and user-owned internet. It’s often described as the next phase of the web, following Web1 (static websites) and Web2 (social media and user-generated content).
So, what is so great about Web3?
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Instead of relying on centralized servers and platforms, Web3 applications are built on blockchain technology, which distributes data across a network of computers. This makes them more resistant to censorship and outages. In Web3, users can own their own data and digital assets, such as cryptocurrency and NFTs (non-fungible tokens). This gives them more control over their online experience and the ability to monetize their content. Also, Web3 applications often use tokens to incentivize users and power their ecosystems. These tokens can be used to access services, pay for goods, or vote on governance decisions.
Dynamic says it was founded to help accelerate the adoption of wallet-based authentication. We make it easy for developers to create wallet-based login, onboarding, and authentication flows, allowing them to focus on their core product.
Dynamic was started by two MIT alumni (who built and launched many products together) who are passionate about user identity and authentication.
“We are backed by some of the world’s leading investors.”
Dynamic’s non-custodial embedded wallets offer features suitable for both tech enthusiasts and crypto newcomers. With it, Developers can craft experiences that abstract away the complexities of crypto, showing email or social login to their users, while hiding everything else.
“We are thrilled to announce our $13.5 million Series A, led by a16z crypto and joined by Founders Fund, Castle Island Ventures, Breyer Capital, Nikil Viswanathan Joe Lau from Alchemy, and others. This funding will help accelerate our work of supporting these incredible builders,” Dynamic Labs said
