Locked.Money Raises $1.1M for Trustless Digital Asset Management
blockchain startup Locked.Money has recently secured $1.1 million in seed and private rounds to bolster the Development of trustless Digital asset vaults tailored to meet the specific requirements of web3 and crypto investors. These vaults are designed to grant gamers and investors complete control over their Digital assets in a secure and Tax-efficient manner, offering enhanced Legal protection and a seamless user Experience. Locked.Money aims to tackle the challenges encountered by the burgeoning web3 gaming sector, where secure asset custody and transparent management are becoming increasingly vital.
Trustless Vaults
Locked.Money’s trustless vault Technology is particularly valuable for web3 gamers who frequently interact with NFTs, tokens, and other Digital assets within their gaming environments. These vaults operate without intermediaries or middlemen, ensuring gamers retain full control over their assets without relying on centralized Platforms, which may introduce risks like Security breaches or account restrictions.
This Decentralized approach provides an added layer of Security, which is crucial for gamers whose in-game items or currency hold real-world value. Additionally, these vaults are compatible with a wide array of Digital assets, Wallets, and tools used within web3 gaming ecosystems, offering a secure and Tax-efficient system for managing these assets.
Tax Benefits
Locked.Money offers significant Tax advantages to web3 gamers who engage in buying, selling, or trading Digital assets. Operating in a zero-Tax jurisdiction, the platform’s vaults enable users to manage their assets without incurring capital gains taxes, a key consideration for gamers witnessing sharp value increases in their in-game assets.
These Tax benefits are especially relevant for users trading gaming tokens or NFTs, allowing them to defer personal Tax liabilities while actively participating in the gaming Economy. Depending on individual circumstances, users may also leverage additional Tax deductions, enhancing the profitability of the web3 gaming Experience.
Legal Protection
web3 gamers, particularly those in high-profile or high-risk roles, often harbor concerns about the Legal risks associated with their Digital assets. Locked.Money adds an extra layer of protection by integrating Legal frameworks typically reserved for high-net-worth individuals, shielding users’ Digital assets from potential lawsuits and offering peace of mind to gamers with significant in-game earnings.
By making these Legal protections accessible to everyday web3 gamers, Locked.Money introduces a valuable toolset to the rapidly evolving web3 gaming landscape, blurring the line between Virtual and real-world assets.
Multi-Signature Security
Enhancing the Security of web3 gaming transactions, Locked.Money provides a multi-signature solution that enables users to create and manage vaults with varying levels of access and control. This feature is especially critical for gamers wishing to delegate asset management to trusted third parties within gaming communities, mitigating the risk of unauthorized transactions while offering transparency and customization.
Moreover, Locked.Money offers a four-tier subscription model catering to a broad spectrum of users in the web3 gaming ecosystem, with premium plans unlocking additional features such as debit cards for daily spending, Tax optimization Strategies, and tailored Solutions for high-net-worth users heavily invested in web3 gaming.
$LMY Token
The $LMY Token serves as the foundation of the Locked.Money platform, powering the ecosystem and facilitating Staking, Rewards, and other utility functions for web3 gamers. By Staking $LMY tokens, users can access higher-tier Security features, enhanced transaction capabilities, and increased customization of their Digital asset vaults, aligning with the Decentralized nature of web3 gaming.
This Token-based model creates a more integrated Experience for gamers seeking to manage both their in-game and real-world Digital assets efficiently, reflecting the central role Decentralized currencies Play in gameplay, trading, and investment in the broader web3 gaming landscape.
Looking Ahead
As web3 gaming continues to expand, Locked.Money is well-positioned to equip gamers with the necessary tools to securely manage their Digital assets, navigate complex Tax environments, and safeguard their in-game earnings. CEO Gediminas Butkus highlights the overwhelming community support for the platform, emphasizing the demand for a solution that merges the best of DeFi and traditional finance. With $1.1 million in raised funds, Locked.Money plans to enhance its platform to meet the evolving needs of web3 gamers worldwide.
