TipLink raises $6m, co-led by Sequoia and Multicoin, to unlock the ultimate distribution mechanism to send crypto & NFTs

TLDR: We raised $6m, launched our API to send crypto + NFTs with a link, and we are hiring!

We are thrilled to announce that we have raised $6m in seed funding led by Sequoia Capital and Multicoin Capital. TipLink allows users to send crypto or NFTs with just a link. The kicker is… the link is a wallet! We are building one of the most important distribution mechanisms in crypto, and this capital will help us bring TipLink to the masses.

Meet our other fantastic investors

Aside from Sequoia and Multicoin Capital, we couldn’t be more excited by the rest of our backers. This includes: Asymmetric, Big Brain Ventures, Circle Ventures, Karatage, Monke Ventures, Paxos, and Solana Ventures. We also are backed by well-known angels Vinny Lingham, Liu Jiang, and Sarah Guo.

There is a gap in crypto payments

If we take a step back from the crypto world and consider the larger world of payments, there are several challenges consumers are facing today. As an example, if Alice wants to send Bob $10 on the internet, there are several challenges she will run into.

1. She needs a coincidence of technologies, meaning that Alice and Bob both need the same application, like PayPal for example.
2. If they both use PayPal, Alice still needs to ask Bob for his information.
3. Even in crypto, Alice needs to ask Bob if he has a wallet and, if he does, have a back-and-forth exchange to get his public key.

The only version where people don’t need to worry about the above 3 is cash. When Alice hands Bob cash, she doesn’t have to worry whether they use the same apps or ask for each other’s usernames; she just hands over the cash. There should be a way to digitally move around assets like cash, but for the internet.

Introducing TipLink

With TipLink, users can send crypto or NFTs with just a link. The link itself is the wallet, meaning the user receiving doesn’t need to know anything about crypto. The user can then withdraw the assets to

1. A wallet they already have.
2. Over time directly to financial institutions they are familiar with.
3. If they’ve never set up a crypto wallet, they can log in with Google and have a lightweight non-custodial wallet in seconds.

The implications for this new distribution mechanism are massive. Instead of sending digital assets to only people in the small crypto ecosystem, you can now send assets to anyone on the planet with an internet connection.

Today, you can send crypto and NFTs to anyone with just a link. Want to send someone without a wallet crypto or NFTs? Use TipLink. Want to do a giveaway and give crypto without asking for people’s public keys? Just send a TipLink. Want to give out tokens at an event with just a QR code people need to scan? TipLink. Want to send money around the world with just a link? Send USDC with a TipLink. Blast out crypto/NFTs to an entire email distro; use TipLink. Almost every day, we hear about new ways people use our product. Sending digital assets should be easy, and people/companies should focus on what they send, not how it works.

The TipLink API!

We want to make sending TipLinks super simple for developers. Our API allows developers to create TipLinks for free and add any asset. This allows for setting up automated processes to send out digital assets and integrating creating/sending links directly into applications. Like Stripe helped create billion-dollar e-commerce businesses, TipLink can help create billion-dollar crypto companies. Now that TipLink exists, the early adopters in figuring out new use cases across IRL, social, marketing, payments, etc., will be rewarded.

Here is a quick example of how easy it is to make TipLinks with our API:

import { Tiplink } from '@tiplink/api';

Tiplink.create().then(tiplink => {
 console.log("link: ", tiplink.url.toString());
 console.log("publicKey: ", tiplink.keypair.publicKey.toBase58());
 return tiplink;
});

We are hiring!

If you’re interested in helping build the most important distribution mechanism in crypto, please apply here: https://jobs.lever.co/TipLink

Founders of TipLink,

Ian (@ArbVision) & Aashiq (@aashiq)