Talisman, a Polkadot Web3 wallet platform, has raised $2.35 million from early backers including Hypersphere Ventures, Koji Capital and Advanced Blockchain AG as well as several anonymous Flex Dapps investors.

According to an announcement issued on Midweek, with the funding round closed, Talisman is looking to launch a wallet extension by November. 22.

Billed to be a DotSama — a portmanteau of Polkadot (DOT) and Kusama (KSM) — wallet, Talisman reportedly aims to enable cantankerous-compatibility across the Polkadot and Kusama "paraverse."

Commenting on the decision to support the project, Jack Platts, partner at Hypersphere Ventures said, "Talisman is aiming to become the Paraverse gateway for everyday crypto users."

Talisman is reportedly building the first DotSama nugget dashboard with features such as staking of KSM and other parachain assets, Karura integration for decentralized exchange swapping and Polkadot Crowdloan support.

Other core features in the planned Talisman roadmap includes NFT support, Shiden Dapp staking and third-party fiat on-ramps.

The announcement likewise stated that with the seed funding secured, the squad is looking to expand while adding more essential features to assistance users interact with the DotSama paraverse ecosystem.

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Talisman's launch is coming as the DotSama ecosystem begins to take shape with the ongoing Kusama parachain auctions.

As previously reported past Cointelegraph, the first round of parachain auctions was completed back in June with round two currently ongoing.

Kusama DeFi platform Altair became the ninth parachain auction winner overall and the 4th in round 2 on Wednesday. One more slot auction will have place over the next seven days earlier a temporary intermission that will precede circular iii of the process.

These parachain auction winners volition connect to the Polkadot Relay Chain, maybe kickstarting the bootstrapping of liquidity across the Kusama and Polkadot ecosystems.