Gummi and other Sui blockchain-based wallets lead 540 million yen fundraising

Launched Sui Testnet 2

gumi’s cryptocurrency VC “gumi Cryptos Capital” and Boldstart Ventures led the seed round of Sui blockchain-based wallet “Ethos Wallet”. The amount raised was 540 million yen ($4.2 million).

In addition to gumi Cryptos Capital and Boldstart Ventures, Tribe Capital, Matrix Port, AllianceDAO and Mysten Labs (developer of Sui) also participated in the round.

Seed Funding News

Ethos has raised $4.2 million in a seed round to continue development of their reimagined wallet focused on discovering and engaging with apps on the Sui blockchain, and the accompanying wallet infrastructure. 1/ pic.twitter.com/Pa1LK4Ypow

— Ethos Wallet (@EthosWalletXYZ) January 26, 2023

Ethos Wallet CEO Evan Cheng was the head of research for Meta’s former blockchain wallet business Novi. Sui and Aptos are blockchains based on the MOVE language developed by Meta and feature high scalability. Sui has yet to launch a mainnet and he just launched the second testnet yesterday. Meanwhile, Aptos was officially launched last October.

In addition to consumer wallets, Ethos Wallet is also working on a blockchain game, Sui 1892. Ethos Wallet is now live on Sui’s developer net.

Relation: Sui Blockchain announces allocation plan for virtual currency “SUI”

gumi investment

gumi formed the “gumi Cryptos Capital Fund” in 2018 to invest in virtual currency and blockchain companies. Then, in 2021, as an investment expansion, the “gumi Cryptos Capital Fund II” was formed by reinvesting the collected funds of this fund. So far, we have invested in OpenSea, Yield Guild Games, 1Inch Network, Astar, FiNANCiE, and more.

Also, in December last year, the SBI Group, Web3 major Animoka Brands, and MZ Cryptos, an investment company affiliated with famous entrepreneur Yusaku Maezawa, announced gumi’s newly formed Japanese Web3 venture fund “Decima”. It was announced that it participated as a general partner of

Relation: Participated in SBI, Animoka, Mr. Maezawa’s MZ Crypto, gumi’s Web3 fund

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