Daylight Raises $6 Million Seed Funding to Enhance Personalized Crypto Recommendations Through Major Wallets

• Daylight, a crypto platform that personalizes on-chain actions for users, has secured $6 million in seed funding.
• The funding round was led by Union Square Ventures (USV) and co-led by 1kx, among other notable participants.
• USV has now joined Daylight’s board as part of the deal.

Daylight raises $6 million in seed funding to expand its personalized on-chain action recommendations platform for users, solidifying its growth in the crypto space.

Daylight Secures Significant Seed Funding

Daylight, known for its platform that suggests personalized on-chain actions like airdrop claims and NFT mints, has recently raised $6 million in a successful seed funding round. This round was spearheaded by Union Square Ventures (USV), with 1kx as co-leader, demonstrating strong investor confidence in Daylight’s innovative approach to enhancing user experiences in the crypto domain.

Key Investors and Strategic Involvement

Noteworthy investors, including Framework Ventures, Chapter One, and notable industry figures such as the co-founders of Zerion and Blockaid, have pitched in, indicating broad support from influential segments of the crypto community. As a direct result of this funding round, USV has joined Daylight’s board, promising strategic guidance and further fueling Daylight’s ambitious roadmap.

Daylight’s Growth and User Engagement Strategy

Daylight’s co-founder, Kyle McCollom, revealed that the funds were raised over a short period from June to July, structured as equity priced with token warrants. While the exact valuation remains undisclosed, this new capital injection brings Daylight’s total funding to $9 million, following an earlier $3 million pre-seed round in November 2022.

API Integration and Personalized Recommendations

Daylight’s unique “onchain for you” API is already integrated into major crypto wallets, including MetaMask, Coinbase Wallet, Zerion, and OKX Wallet. By offering personalized transaction recommendations, Daylight aims to increase user engagement, thereby boosting the number of transacting users and generating additional revenue for wallet partners. With 6 million monthly active addresses receiving its recommendations, the platform is on a trajectory to scale this outreach to tens of millions.

Plans for Future Expansion and New Horizons

Looking ahead, Daylight plans to diversify its transaction categories beyond current offerings such as mints, claims, and gaming quests. McCollom hints at the introduction of a significant new transaction category in Q4, though further details remain under wraps. The ongoing growth efforts include expanding their team; currently 12-strong and based in New York, Daylight is in the process of hiring additional backend engineers and moderators to enhance their operational capacity.

Daylight’s Foundational Vision and Industry Footprint

McCollom and fellow co-founder Morley Zhi’s experiences at Stellar, where they aimed at increasing user transactions and revenue through a wallet, laid the foundation for Daylight. By focusing on personalized on-chain actions, they seek to replicate and exceed their past successes, leveraging their expertise to push the boundaries of user engagement and utility in the crypto ecosystem.

Conclusion

In summary, Daylight’s recent $6 million seed funding milestone underscores its potential to revolutionize how users interact with blockchain through personalized recommendation technology. As the platform scales, increases user engagement, and diversifies its transaction categories, Daylight is poised to significantly impact the crypto landscape, marking a new era of user-centric blockchain interaction.