Crypto startup Context announced a $19.5 million seed round led by early-stage investors Variant Fund and OpenAI CEO Sam Altman on Wednesday.
The startup, which allows users to monitor other people’s wallets and transactions through an Instagram-esque feed, also released a new version of its product that will now help users automatically find the wallets linked to people they follow on Twitter.
Founded last year, Context believes that watching wallets of friends, influencers, DAOs and celebrities will be the “follow/subscribe of the Web 3 era” and takes inspiration from platforms such as Instagram and Pinterest.
In a sense, Context’s app can perhaps be viewed through the growing intersection between web3 capabilities and social media platforms. That intersection was on display earlier this year when Twitter rolled out support for NFT-linked profile pictures as part of its Blue subscription services. Instagram, too, is moving toward some form of NFT-style integration.
Indeed
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