Leading digital asset management platform Safe (formerly Gnosis Safe) has raised $100 million, with 1kx as the principal investor. Gnosis Safe was initially created as an internal tool, but it has organically developed into a crucial part of web3's infrastructure for managing digital assets securely.

Dune analytics data shows that Gnosis Safe users, who include <a href="https://www.cryptoknowmics.com/news/bitfinex-announces-delisting-of-13-trading-pairs-blames-low-liquidity/" target="_blank" rel="noopener">Bitfinex</a>, BitDAO, and Vitalik Buterin, handle more than $38 billion in assets (up from well over $100 billion in February). The decision to spin off Gnosis Safe was approved by GNO token holders earlier this year. The fundraising round marks a significant turning point in Safe's evolution as a platform for programmable ownership that enables secure management of digital assets, data, and identities for DAOs, retail, and institutional customers. Safe will be able to develop an ecosystem of tools and apps on top of its smart contract account protocol thanks to investment and business partnerships.
<h2>Web3 Unlocks Ownership For All Users</h2>
Safe's self-custody system, which is used to conduct over 600,000 transactions and secure digital assets worth over $40 billion, has garnered widespread adoption. Additionally, Safe is now used to safeguard numerous highly valuable <a href="https://www.cryptoknowmics.com/news/one-immortl-to-launch-its-first-series-of-dividend-yielding-nfts/" target="_blank" rel="noopener">NFTs</a>, including 13% of all <a href="https://opensea.io/collection/cryptopunks" target="_blank" rel="nofollow noopener">Cryptopunks</a>.

Safe has developed a network that supports some of the significant DAO treasuries (1inch, BitDAO), businesses, and financial institutions (Bitfinex, GSR) (Shopify, AB group). People like Vitalik Buterin and Punk6529 (participating in the round as angels) use Safe to protect their most critical digital possessions.
<h2>Smartening Up Web3 Accounts</h2>
They are commonly derived from a 24-word secret phrase and a single private key controls all traditional web3 accounts. The account is under the user's control as long as they possess the private key. However, these private keys frequently disappear or are stolen, which results in the total loss of the account's assets.

Gnosis Safe Raises $100M And Rebrands As 'Safe'

Leading digital asset management platform Safe (formerly Gnosis Safe) has raised $100 million, with 1kx as the principal investor.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Gnosis Safe Raises $100M And Rebrands As 'Safe'

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