WEB3
by BSCN
December 19, 2023
The funding will be used to propel the development of SHARE Protocol.
Today, Formless, Inc., a company building decentralized network infrastructure for property rights management and revenue sharing, announced the successful raise of over $2.2 million in pre-seed funding. The consortium of investors includes a16z Crypto CSS, Beacon web3 accelerator, MH Ventures, and angel investors that include Sandeep Nailwal (Co-Founder of Polygon Network), Ryan Fang (Co-Founder and COO of Ankr), Dharmesh Shah (Founder and CTO of HubSpot), and Dallas Austin (Grammy-award winning producer and CEO of Dallas Austin Distribution). The funding will drive Formless's commitment to advancing the SHARE Protocol, powering the next generation of products and experiences in a multiplayer digital economy.
SHARE Protocol enables developers, creators, and organizations to tap into a common property ownership network, benefit from the innovation of decentralized digital rights management, and receive rewards and network effects associated with revenue sharing in a multiplayer digital economy.
"This pre-seed funding round is a testament to our team, our vision, and the transformative potential of the SHARE Protocol," said Brandon Thorpe, Founder & CEO, and the leader behind Formless. "We are deeply grateful for the trust our investors have shown in us. This funding will be pivotal as we accelerate the development of the SHARE Protocol while advancing toward our vision of a multiplayer internet powered by choice, ownership, and participation with purpose."
The commitments these early-stage investors have made underscore their recognition of the transformative potential of SHARE. The $2.2 million pre-seed investment, which exceeded the initial target due to overwhelming investor interest, will be allocated toward growing the development team, enhancing the technology infrastructure, and ensuring the delivery of a robust customer experience across the network.
Formless is a Cambridge, Massachusetts company with the mission of creating virtual and physical experiences that enable people to live more fulfilling lives.
Visit www.formless.xyz for more information.
Disclaimer
Disclaimer: This article is written by a visiting author. Opinions herein are those of the visiting author. Nothing in this article is intended to constitute financial advice. The content of this article is intended for entertainment and educational purposes only. Investing in cryptocurrency carries a high degree of risk. Capital is at risk, and returns are never guaranteed. You should always do your own research.
Latest News
4h : 51m ago
Thailand Explores Bitcoin Pilot Project in Phuket to Boost Tourism
6h : 51m ago
FLOKI DAO Proposes Launch of Europe-Based ETP on SIX Swiss Exchange
December 25, 2024
Binance's 63rd Launchpool Project: What is Bio Protocol (BIO)?
December 25, 2024
Crypto Adoption in South Korea Reaches Over 30% of the Population: Report
December 24, 2024
Binance Labs’ New Investment: What is Usual?
December 24, 2024
Crypto.com Launches U.S. Institutional Cryptocurrency Custody Service
December 23, 2024
Shiba Inu Ecosystem and Turbo Memecoin Adopt Cross-Chain Token Standard with Chainlink CCIP
December 23, 2024
VanEck Predicts Strategic Bitcoin Reserve Could Offset $42T of U.S. Debt by 2049