a16z leads $7.5 million seed round for web3 authentication startup Dynamic by Yogita_Khatri5
The firm is building wallet-based authentication and authorization tools for developers.
Dynamic was founded in January by two Israeli friends — Itai Turbahn and Yoni Goldberg — who have known each other for over 15 years. They first met at the Massachusetts Institute of Technology and have worked together for several organizations in the past, including Israel Defense Forces and Juul Labs.
"We really fundamentally believe that everyone will have a wallet on their phone or computer in the next five years," said Turbahn."The speed at which wallets will be integrated into someone's daily lives will increase exponentially. So we're prepping for that world."Auth0 is a leader in the web2 authentication space. Last year, it was acquired by Nasdaq-listed identity software company Okta for $6.5 billion.
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