Blockchain startup Locked.Money has successfully raised $1.1 million in seed and private rounds to support the development of its trustless digital asset vaults, designed to meet the unique needs of web3 and crypto investors. By providing a secure and tax-efficient solution, Locked.Money gives gamers and investors full control over their digital assets while offering enhanced legal protection and a seamless user experience. The company aims to address the challenges faced by the growing web3 gaming sector, where the need for secure asset custody and transparent management is becoming increasingly critical.

Locked.Money Raises $1.1M for Trustless Digital Asset Management

Over $100 Billion TVL

As the decentralized finance (DeFi) and web3 gaming sectors continue to expand, managing in-game assets and cryptocurrency safely has become a key concern. With over $100 billion in total value locked (TVL) across DeFi protocols, the growing popularity of blockchain-based games has added another layer of complexity for users looking to securely store and trade valuable in-game assets. Locked.Money bridges this gap by integrating traditional finance principles, such as legal protection and tax efficiency, into the decentralized, digital-first world of web3 gaming.

Trustless Vaults

Locked.Money's trustless vault technology is especially relevant to web3 gamers who regularly interact with NFTs, tokens, and other digital assets within their gaming environments. The platform’s vaults operate without intermediaries or middlemen, ensuring that gamers retain full control of their assets without depending on centralized platforms, which often introduce risks like security breaches or account restrictions.

This decentralized approach offers an added layer of security, particularly important for gamers whose in-game items or currency hold real-world value. These vaults are compatible with a wide range of digital assets, wallets, and tools used within web3 gaming ecosystems. Whether users are trading in-game NFTs, purchasing tokens, or investing in the gaming economy, Locked.Money provides a secure and tax-efficient system for managing these assets.

Store Your Assets with Confidence 

Tax Benefits 

Locked.Money offers significant tax advantages to web3 gamers who regularly buy, sell, or trade digital assets. Based in a zero-tax jurisdiction, the platform's vaults allow users to manage their assets without incurring capital gains taxes, a key consideration for gamers who might see sharp value increases in their in-game assets.

This benefit is especially relevant for users who trade gaming tokens or NFTs, as Locked.Money allows them to defer personal tax liabilities while actively participating in the gaming economy. Depending on individual circumstances, users may also be able to take advantage of additional tax deductions, offering further benefits that can make the web3 gaming experience more profitable.

Legal Protection

Web3 gamers, especially those in high-profile or high-risk professions, are often concerned about the legal risks associated with their digital assets. Locked.Money provides an additional layer of protection by incorporating legal frameworks traditionally reserved for high-net-worth individuals.

This legal shield can protect users' digital assets from potential lawsuits, providing peace of mind to gamers whose in-game earnings have significant real-world value. By making these legal protections accessible to everyday web3 gamers, Locked.Money brings a valuable toolset to the rapidly evolving web3 gaming landscape, where the line between virtual and real-world assets is increasingly blurred.

Why Choose Locked.Money?

Multi-Signature Security 

To enhance the security of web3 gaming transactions, Locked.Money offers a multi-signature solution that allows users to create and manage vaults with varying levels of access and control. This feature is especially important for gamers who may wish to delegate asset management to trusted third parties, such as team members, guild leaders, or other collaborators within gaming communities. Multi-signature support reduces the risk of unauthorized transactions while providing a high level of transparency and customization.

Locked.Money also offers a four-tier subscription model, catering to a wide range of users in the web3 gaming ecosystem. The free plan grants access to the core multi-signature trustless vaults, while premium plans unlock additional features, including debit cards for daily spending, tax optimization strategies, and customized solutions for high-net-worth users who invest heavily in web3 gaming.

$LMY Token 

The $LMY token powers the Locked.Money platform, acting as the foundation of the ecosystem. For web3 gamers, the token facilitates staking, rewards, and other utility functions within the platform. By staking $LMY tokens, users can unlock additional benefits, including higher-tier security features, enhanced transaction capabilities, and greater customization of their digital asset vaults.

This token-based model aligns with the broader web3 gaming ethos, where decentralized currencies and assets play a central role in gameplay, trading, and investment. The use of $LMY tokens helps create a more integrated experience for gamers looking to manage both their in-game and real-world digital assets.

Lock.Money Partners

Looking Ahead

As web3 gaming continues to grow, Locked.Money is poised to provide gamers with the tools they need to securely manage their digital assets, navigate complex tax environments, and protect their in-game earnings. According to CEO Gediminas Butkus, the overwhelming community support for the platform demonstrates the demand for a solution that combines the best of DeFi and traditional finance. With the $1.1 million in raised funds, Locked.Money is set to expand its platform to meet the evolving needs of web3 gamers worldwide.