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Talisman Raises $2.35M From Several Investors

Reports said that Talisman, a Polkadot Web3 wallet platform, has raised $2.35 million from early backers including Hypersphere Ventures, Koji Capital, and Advanced Blockchain AG as well as several anonymous Flex Dapps investors.

It has been reported that with the funding round closed, Talisman is looking to launch a wallet extension by November 22. Billed to be a DotSama, a portmanteau of Polkadot (DOT) and Kusama (KSM) — wallet, Talisman reportedly aims to enable cross-compatibility across the Polkadot and Kusama “paraverse.”

Jack Platts, the partner at Hypersphere Ventures, said:

“Talisman is aiming to become the Paraverse gateway for everyday crypto users.”

However, Talisman is reportedly building the first DotSama asset dashboard with features such as staking of KSM and other parachain assets, Karura integration for decentralized exchange swapping, and Polkadot Crowdloan support. Other core features in the planned Talisman roadmap include NFT support, Shiden Dapp staking, and third-party fiat on-ramps.

The report said that the announcement also stated that with the seed funding secured, the team is looking to expand while adding more essential features to help users interact with the DotSama paraverse ecosystem. Talisman’s launch is coming as the DotSama ecosystem begins to take shape with the ongoing Kusama parachain auctions.

As previously reported, the first round of parachain auctions was completed back in June with round two currently ongoing. Kusama DeFi platform Altair became the ninth parachain auction winner overall and the fourth in round two on Wednesday. One more slot auction will take place over the next seven days before a temporary pause that will precede round three of the process.

Thus, these parachain auction winners will connect to the Polkadot Relay Chain, possibly kickstarting the bootstrapping of liquidity across the Kusama and Polkadot ecosystems.

Source: Cointelegraph



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