Bitski raises $1.8M seed round to develop crypto wallet infrastructure

Bitski, a developer-focused blockchain wallet infrastructure provider, has raised a $1.8M seed round from investors including Galaxy Digital, Winklevoss Capital, and Coinbase.

The startup is building developer tools for blockchain-focused developers. The firm's flagship product is an easy-to-integrate cryptocurrency wallet for the Ethereum ecosystem, enabling apps to offer wallet support for their users. While Bitski is blockchain agnostic, the firm is starting with Ethereum.


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According to Bitski, over 300 apps have leveraged its solution. These apps include live-streaming ecosystem Props and gaming platform, The Sandbox. 

"Bitski’s developer platform allows developers to easily provide their users with a secure and usable wallet, eliminating the friction of customer onboarding that has previously hampered blockchain applications and user adoption," says Sterling Witzke, Partner at Winklevoss Capital.

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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