BlockBeats news, on November 28, according to The Block, 'Bank Accounts on the Blockchain' Bleap has completed a $2.3 million pre-seed funding round, led by Ethereal Ventures, with participation from Maven11, Alliance DAO, Robot Ventures, and Credibly Neutral.
Bleap is built on the Ethereum Layer 2 network Arbitrum, enabling fast, gas-free transactions, and has replaced traditional seed phrases with cloud storage and social login, utilizing PortalHQ's multi-party computation (MPC) technology.
Bleap is currently testing with select EU users and is expected to be fully launched in the first quarter of 2025, with token issuance anticipated in 2026.
