Mem Protocol Closed $3.1 Million in Funding Led by a16z

TokenInsight news, Mem Protocol, a decentralized social media protocol, has closed a $3.1 million funding round led by a16z with participation from former Coinbase CTO Balaji Srinivasan, Polychain's Olaf Carlson-Wee and others. Founded in May 2021, Mem is building a decentralized social media protocol centered on data sovereignty that aims to enable everyone to have their own circle of friends, explore the blockchain world, and earn income by sharing knowledge. mem protocol currently builds a profile browser where new users adding verifiable on-chain identities can ask questions with reputation and smart contracts, post rewards to raise funds, and more.
Source

Fund Raising

Related News
Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report
Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation
Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million
ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round
Crypto-AI startup Fraction AI raises $6 million in pre-seed funding Crypto-AI startup Fraction AI raises $6 million in pre-seed funding
Latest News More More
July 10 Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
July 7 TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
July 4 Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open