Cypherock raises $1M to eliminate Seedphrases from Self-custody stack

Cypherock raises $1M to eliminate Seedphrases from Self-custody stack
rohanagarwal94
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Cypherock X1 solves the seedphrase problem of being a single point of failure and eliminates the requirement of maintaining any form of seed phrase backup. Cypherock has developed a unique way way to secure cryptocurrencies and NFTs by decentralizing the private key of the wallet into 5 individual hardware components.

https://decrypt.co/117692/hardware-wallet-startup-cypherock-raises-1m-to-help-users-skip-seed-phrases