W3 Storage Lab Raises $3 Million in Pre-Seed Financing Round
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Thursday, August 18, 2022
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SUNNYVALE, Calif., Aug. 18, 2022 /PRNewswire-PRWeb/ -- W3 Storage Lab, a Web3 decentralized application company, announced that it closed a pre-seed financing round of $3M. The round was co-led by Draper Dragon and OKX Blockdream Ventures with major participation from Lingfeng Capital and participation from other investors. Proceeds from the round will be used to grow its global team and fund operations.
Key Points:
- SUNNYVALE, Calif., Aug. 18, 2022 /PRNewswire-PRWeb/ -- W3 Storage Lab, a Web3 decentralized application company, announced that it closed a pre-seed financing round of $3M.
- W3 Storage Lab has co-developed a next generation distributed storage ecosystem that is based on the public blockchain and cyfs://.
- To facilitate a more efficient market for decentralized storage, W3 Storage Lab has also worked closely with the DMC Foundation as a major developer of the Datamall Coin ecology.
- W3 Storage Lab is developing a series of killer applications for both consumers and enterprises that will make heavy use of decentralized storage.