"Legend Raises $15M for Self-Custody Wallet Revolution"

DeFi platform Legend, founded by former Compound CEO Jayson Hobby, has successfully raised $15 million in a funding round led by Andreessen Horowitz (a16z) and Coinbase Ventures. The platform aims to build a more practical self-custody wallet, providing users with decentralized finance services without the need to log in to multiple applications.

Legend's self-custody wallet will offer users full control over their crypto assets, aiming to surpass existing wallets such as Metamask or Coinbase Wallet. The Legend application, currently in the testing phase, will directly integrate a self-custody wallet within the app, eliminating the need for users to download and set up an external application.

The funding round, completed on February 11th, demonstrates the growing interest and support for decentralized finance platforms. Legend's innovative approach to self-custody wallets and its integration of the Farcaster protocol have attracted prominent investors such as a16z and Coinbase Ventures.

The DeFi sector continues to evolve, with platforms like Legend pushing the boundaries of self-custody and user experience. As the market grows, investors and users alike are seeking more practical and secure solutions for managing their crypto assets. Legend's funding round signals a vote of confidence in the platform's potential to deliver on these expectations.