• Tribes, a new Web3-native messaging and group wallet app, has raised $3.3 million in a pre-seed funding round.
• The round was led by Kindred Ventures, South Park Commons and Script Capital and closed in October.
• Tribes aims to make Web3 primitives for co-ownership and collective action understandable and accessible to the masses.
Tribes, a new Web3-native messaging and group wallet app, recently announced that it had raised $3.3 million in a pre-seed funding round. The round was led by Kindred Ventures, South Park Commons and Script Capital and closed in October, during a challenging crypto bear market.
Tribes was founded by Hish Bouabdallah, a former Coinbase engineer, and is focused on making Web3 primitives for co-ownership and collective action more understandable and accessible to the masses. Through their app, users can join and manage digital wallet groups with friends and family, allowing them to co-own and manage digital assets such as crypto tokens, NFTs, and other digital assets.
The app also provides users with the ability to create and manage collective tasks within their wallet groups, while also allowing users to transfer money or tokens from their personal wallets to wallets within the group. In addition, users can discuss and manage group activities in a secure and private chat room, as well as view a timeline of all activities within the group.
Tribes is aiming to make Web3 primitives more accessible to everyday users, allowing them to leverage the power of collective decision-making, shared ownership, and other capabilities enabled by the underlying blockchain technology. By providing users with the tools to more easily manage and co-own digital assets, Tribes hopes to create a more efficient and secure way for people to manage their digital wallets.
The startup plans to use the funding to further develop its platform and expand its team, as well as build out its ecosystem of Web3 applications. With the new funding, Tribes also hopes to expand its reach to more users and further increase adoption of Web3 technology.