Coinspeaker
Web3Intelligence Raises $4.5M in Private Funding Round
Web3Intelligence, the developer behind the popular Web3 investment app Dopamine, has successfully raised $4.5 million in a private funding round ahead of the launch of its native token, DOPE.
The funding round, which included participation from notable investors like DAO MAKER, Shima Capital, and Gate.io, marks a notable milestone for the platform dedicated to enhancing wealth management in the Decentralized Finance (DeFi) space.
Utility Token DOPE and Premium Features
As highlighted in a recent Coindesk report, the cornerstone of this funding announcement is the introduction of the DOPE utility token, designed to unlock powerful functionalities and premium features within the Dopamine SuperApp. The multi-layer token serves as a gateway for users to access a gamified experience for DeFi investments. While the token is set to be available on both centralized and decentralized exchanges in the first quarter, the exact date is yet to be decided.
Holding DOPE will grant users access to Web3Intelligence’s comprehensive tech stack and source code for their infrastructure. Additionally, institutions holding DOPE will gain access to Web3Intelligence’s Anti-Money Laundering (AML) infrastructure. This includes AML scores for Web3 wallets, encapsulated on-chain as Non-Fungible Tokens (NFTs). This innovative approach ensures that institutions have a comprehensive view of compliance standards, instilling confidence in clients and meeting the same regulatory expectations as traditional finance.
Web3Intelligence, based in Zug, Switzerland, is dedicated to improving wealth management in DeFi. By leveraging digital assets, big data, and Artificial Intelligence (AI), the platform aims to assist institutions and retailers in capitalizing on decentralized finance opportunities.
So far, Web3Intelligence has witnessed huge traction in the market with over 3.5 million lifetime downloads of its Dopamine SuperApp. Additionally, the platform has distributed more than 200,000 Non-Fungible Tokens (NFTs), indicating a strong user base and engagement within the decentralized finance space.
Karim Chaib, CEO of Web3Intelligence, highlighted their unique value proposition, stating:
“Because we aggregate and standardize AML information, we can provide a comprehensive view of web3 wallets that meets the standards expected of compliance officers, as well as users seeking a holistic understanding of their digital asset portfolios.”
Additionally, Christoph Zaknun, CEO & Founder of DAO Maker, expressed confidence in Web3Intelligence’s approach, saying:
“Web3Intelligence has the team and tools to become a significant ecosystem enhancer. Their approach to integrating AML standards into the DeFi space while offering meaningful benefits to token holders is truly innovative.”
Beyond Web3Intelligence Funding, Others Join the Trend
Web3Intelligence’s funding round comes amid a dynamic period in the blockchain and Web3 space.
Polymer Labs recently raised $23 million in its Series A funding round to address challenges related to interoperability, particularly in the context of the growing prevalence of layer 2 solutions within the blockchain space.
Moreover, in September, Web3 startup IYK, with clients like Adidas, Billionaire Boys Club, and Atlantic Records, secured over $16.8 million in a seed round. IYK’s innovative approach involves integrating NFC chips into merchandise and apparel, allowing consumers to authenticate items and receive NFTs for exclusive brand offerings.
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Web3Intelligence Raises $4.5M in Private Funding Round
Source: https://www.coinspeaker.com/web3intelligence-4-5m-private-funding-round/