Blockchain platform WYZth has raised $950,000 in over-the-counter (OTC) funding from Victus Capital. The funds will be used to expand WYZth’s blockchain, enhance developer tools, and grow the team to accelerate Web3 adoption.
The funding will be used to improve WYZth’s blockchain ecosystem by adding new features, developing advanced tools for developers, and expanding its team to support ongoing innovation and improvements.
The blockchain industry has been rapidly evolving, with rising interest in interoperability and scalable solutions. WYZth’s focus on creating a developer-friendly environment positions it as a key player in the Web3 space, offering tools that simplify decentralized application (dApp) development. WYZth has achieved over 80 million transactions, demonstrating its reliability and efficiency. The ecosystem reflects steady growth, with 65.6 million wallet addresses, WYZth continues to grow its user base, showing strong adoption and trust in its ecosystem. WYZth also now be accessible directly through Rabby Wallet integration making it easier for onboarding and accessing the gasless blockchain ecosystem.
Victus Capital, known for investing in high-growth ventures, has a history of identifying companies with potential in emerging industries.
“The funding comes at a time when interoperability and scalability are the most talked about topics in the crypto space. WYZth aims high to lower the barriers for developers and businesses entering the Web3 ecosystem,” from the founder’s desk
Founded in 2021, we are highly focused on building a developer-friendly blockchain ecosystem, with low gas fees, cross-chain compatibility,high TPS, and low latency making it easier for businesses and developers to adopt, build and ship on blockchain.
Victus Capital’s backing highlights continued investor interest in the blockchain space, despite broader funding challenges across industries.
With its mission to simplify blockchain adoption, WYZth aims to play a critical role in fostering Web3 innovation and supporting the next generation of decentralized applications.
About Victus Capital
Victus Capital is a leading venture capital firm specializing in the Web3 space, dedicated to supporting projects through funding, strategic connections, and development resources. Victus Capital has been recognized as the best performing VC fund in Web3 by TechBullion.
WYZth socials
- Twitter/X: : https://x.com/wyzthofficial
- CMC : https://coinmarketcap.com/currencies/wyzth/
- CMC Community : https://coinmarketcap.com/community/profile/WYZth/
- Telegram: https://t.me/Officialwyzth
- Instagram: https://www.instagram.com/officialwyzth
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