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A16z is leading Dynamic Labs’ $13.5 million series A round, as the web3 authenticator platform streamlines wallet access and ensures web3 login accessibility.  The funding round also included participation from Founders Fund, Castle Island Ventures, Breyer Capital, Nikil Viswanathan, and Joe Lau from Alchemy. Enhancing accessibility Dynamic Labs revealed the funds raised would be instrumental in advancing its support for Web3 builders striving to enhance accessibility in the industry by integrating embedded or branded wallets and promoting digital ownership inclusivity. You might also like: Annual a16z report spotlights crypto policy Dynamic Labs provides a range of tools designed to assist developers in creating web3 login experiences accessible to users of all levels of crypto expertise. The multi-chain platform accommodates six chains: EVM, Solana, Starknet, Algorand, Cosmos, and Flow. Per a blog post released by Dynamic, over 1.6 million unique users across t...

UK-based Pimlico has raised $4.2 million in a seed funding round led by a16z crypto , aiming to improve the Ethereum network by introducing versatile smart accounts through ERC-4337. Pimlico, a UK-based web3 infrastructure firm, has successfully secured $4.2 million in seed funding , a substantial boost spearheaded by a16z crypto . The company has its sights set on leveraging this investment to scale its operations. We're excited to announce that Pimlico has raised a $4.2 million seed round led by @a16z crypto to power Ethereum's transition to smart accounts. Read more in our announcement below:https://t.co/XtCcvJYisI pic.twitter.com/13xWDvs59C — pimlico.eth (@pimlicoHQ) November 7, 2023 Pimlico’s core mission is to enhance the Ethereum network’s user-friendliness and functionality by implementing smart accounts through ERC-4337—a protocol for account abstraction. The introduction of smart accounts is Pimlico’s response to the limitations of Eth...

According to the FEC, DataVault will receive “reasonable compensation” for each NFT issued to contributors, as well as track all tokens issued for its own records. The United States Federal Election Commission (FEC) has issued an advisory opinion stating DataVault Holdings may use nonfungible tokens for fundraising efforts. In a Dec. 15 notice, the FEC said it was “permissible” for DataVault holdings to send nonfungible tokens, or NFTs, to political campaign contributors without violating rules on corporate contributions. According to the election agency, DataVault will receive “reasonable compensation” for each NFT issued to contributors, as well as track all tokens issued for its own records. “The Commission concludes that DataVault’s proposals to provide political committees with NFTs on the same terms that it regularly offers its non-political clients would be a permissible extension of credit by DataVault in the ordinary course of business,” said FEC chair Allen Dickerson. “Unde...