Entropy first captivated attention in 2022 when it generated $25 million in a seed round headed by a16z crypto.
The CEO showed gratitude towards a16z crypto and Guy Wuollet for aiding in steering the wind-down and called their guidance “invaluable”.
A decentralised crypto custody startup supported by Andreessen Horowitz (a16z), Entropy is terminating and plans to return the rest of the capital to investors, as per the founder and CEO Tux Pacific.
Pacific publicised through writing on X on January 25 that, “I am winding up Entropy, and after four years, various pivots and two rounds of layoffs, I have decided to terminate Entropy and return capital to the investors.”
The termination is followed by a late-stage push last year to reposition the firm around a crypto automation platform, which Pacific referred to as “basically n8n/Zapier/etc. for crypto”, having automated signing through threshold cryptography, safe computation leveraging trusted execution en
We współpracy z: https://thenewscrypto.com/andreessen-horowitz-backed-entropy-announces-shutdown/
