Decentralized custody platform Entropy attracts initial investment of $25 million

Entropy logo.

[디지털투데이 황치규 기자]The Block reported on the 8th (local time) that Entropy, a cryptocurrency custody company, has raised an initial investment of $25 million.

This investment was led by Andreessen Horowitz, and Dragonfly Capital, Ethereal Ventures, and Coinbase Ventures also participated.

Entropy is developing a decentralized custody platform using multiparty computation (MPC)-based encryption technology.

Building on this, Entropy aims to shake up the standard business models created by centralized cryptocurrency custody companies such as Fireblock and Coinbase.

The entropy position is that the infrastructure surrounding custody has been in a stagnant state since the release of multi-sigs in 2017.

The Entropy protocol will aim to allow users to implement their own rules for interacting with funds, such as imposing time-limited constraints, quoting Tux Pacific, who leads Entropy, TheBloc, told TechCrunch. year said

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