Crypto venture Glider secures $4 million investment to automate digital asset trading and swaps in the DeFi sector.
In the world of cryptocurrency, a New York-based Web3 startup named Glider is making waves with its innovative approach to investment management. The company, which is participating in Andreessen Horowitz (A16z)’s Crypto Startup Accelerator in San Francisco this Spring, has recently announced a $4 million funding round led by A16z, with participation from Coinbase Ventures, Uniswap Ventures, and GSR.
Glider's platform aims to revolutionize crypto investment by offering users the ability to manage their digital assets without the need for brokers or centralized exchanges. The company's unique selling point lies in its use of artificial intelligence (AI) to automate trading, swaps, and other activities, while ensuring users maintain control of their assets through non-custodial solutions.
The platform operates similarly to traditional finance advisors but without custodying users' assets. This approach allows for a level of flexibility unparalleled in the crypto investment world, as users can tweak their investments to their desired strategies, such as building a portfolio of coins in an ETF-like structure or holding trending tokens on a particular chain.
The capital raised from the funding round will be used to expand the team and develop the marketing strategy. The platform is scheduled for launch in the coming months, and users can look forward to investing in crypto without the hassle of dealing with brokers and centralized exchanges.
Unlike other digital investment platforms, Glider does not plan to custody users' assets. Instead, the platform will generate revenue through a management fee based on assets under management. This approach aligns with the decentralized ethos of Web3, ensuring that users remain in control of their funds at all times.
As Glider prepares for its upcoming launch, it is poised to make a significant impact on the crypto investment landscape. The company's innovative use of AI and commitment to non-custodial solutions could attract a wide range of users seeking a more streamlined and user-friendly approach to crypto investment.
Sources: 1. [Glider Raises $4 Million for AI-Powered Crypto Investment Platform](https://techcrunch.com/2022/01/20/glider-raises-4-million-for-ai-powered-crypto-investment-platform/) 2. [Glide: The All-In-One Cryptocurrency Wallet for the Modern Investor](https://glide.finance/) 3. [Optimism](https://optimism.io/) 4. [Glide Integrates With Uniswap V3 for Seamless DeFi Trading](https://cointelegraph.com/news/glide-integrates-with-uniswap-v3-for-seamless-defi-trading)
- The news about the New York-based Web3 startup, Glider, has created a buzz in the world of finance and investing, as it aims to revolutionize crypto investment with its AI-powered platform.
- With the recent funding round of $4 million led by Andreessen Horowitz (A16z), Glider is gearing up to launch its platform, which will offer users the flexibility to manage their digital assets without the need for brokers or centralized exchanges.
- The innovative approach of Glider, which operates without custodying users' assets and generates revenue through a management fee, aligns with the decentralized ethos of Web3 and could attract a wide range of users seeking a more user-friendly and streamlined approach to crypto investment.
