Tribes, a new Web3 native messaging and group wallet app, has raised $3.3 million in a pre-seed funding round led by Kindred Ventures, South Park Commons and Script Capital.

The fundraiser closed in October, Tribes founder and CEO Hish Bouabdallah told CoinDesk during an interview last week, putting the round deep into a crypto bear market that put pressure on the investment landscape, but before the implosion that rocked the FTX centralized exchange industry. Strengthening the Web3 infrastructure to attract more Web2 natives and general users has become a trend in the post-FTX investment environment.

“Web3 primitives for co-ownership and collective action are transformative, but few people can make sense of the existing products and processes required,” Bouabdallah said in a statement provided to CoinDesk. “To realize the full promise of Web3, collective action is absolutely essential. Our approach to integrating it directly into group chat makes these powerful and newly possible Web3 actions understandable and accessible to the masses.”

Tribes group wallets allow people to co-own and manage digital assets while communicating directly through the wallet instead of through an external messaging service like Discord or Twitter. Use cases include decentralized autonomous organizations (DAOs), token-controlled communities built around a shared mission, or something as simple as family members wanting to co-contribute to joint ownership of property. . Wallets can send, receive, and hold digital assets, including non-fungible tokens (NFTs), memberships, and coins. Sending or spending group assets requires a group vote for approval.

Available on the Apple (AAPL) and Google app stores, Tribes app users connect through their Coinbase Wallet. Bouabdallah was previously an engineer at Coinbase (COIN) and worked on the exchange’s wallet product development.

Read more: Your First Crypto Wallet: What is a Crypto Wallet and How to Use One?