Webacy Funding Insights

Webacy is a technology layer rather than a competitor for crypto wallets like MetaMask. The technology allows users to access their existing self-custodial wallets without the need for keys, seed phrases or passwords and provides security features to reduce the risk of assets being lost or stolen, a common problem in crypto.

The company also released a safety product suite that includes a wallet watcher for real-time monitoring, a backup system in case the user has lost the keys or seed phrase, a “panic button” that lets a user bulk-send assets to a safe wallet in case of an exploit or hack, and a crypto will, which makes sure the assets will go to a designated person in case of the owner’s death.