Exchanges· ★★· neutral·

Crypto wallet startup Tomorrow Labs shuts down months after launch

  • —Tomorrow Labs was founded earlier this year by Johnny Reinsch and James Tse in Santa Monica, California
  • —The project raised funding from Draper Associates and other institutional investors
  • —Its CEO said users recognize the importance of inheritance planning but rarely act on it
  • —Customers were instructed to transfer assets out of the wallet by October 9
Why it matters: The shutdown shows demand for crypto inheritance services has yet to materialize despite the risk of permanently locked assets when keys are lost.
Source: Digital Today
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