Key Takeaways
- Sending Labs has secured $12.5 million in seed funding to build a Web3 communication stack, which includes a decentralized hub for secure chat, transactions, and community-building.
- The company’s flagship products, SendingNetwork and SendingMe, offer a multi-product approach to address the needs of developers and communities alike.
- SendingNetwork is a developer-focused SDK for creating decentralized apps (Dapps) with social integrations, while SendingMe is an encrypted group chat platform for fostering user-friendly Web3 growth.
- Both platforms provide comprehensive tools for community management and enhanced social features. Users retain full control of their identification, data, and assets, while communities gain full autonomy on interaction, engagement, and rewards.
- Sending Labs is co-founded by Joe Yu and Mason Yang, who previously founded Dolphin, one of the earliest Android-based mobile browsers.
- Their experience in building innovative and intuitive user journeys is being applied to address the bottlenecks and challenges that impede scalability and user adoption in the Web3 space.
Sending Labs has secured $12.5 million in seed funding led by Insignia Venture Partners, MindWorks Capital, and Signum Capital, along with K3 Ventures, Lingfeng Innovation Fund, UpHonest Capital, and Aipollo Investment.
Sending Labs aims to build a future-focused Web3 communication stack with fully decentralized, Web3-native hubs for secure chat, transactions, and community-building. The beta launch of the flagship products, SendingNetwork and SendingMe, accompanies the seed funding.
The ban on third-party Twitter clients and the difficulty in withdrawing assets after FTX collapse show that Web3 projects could go down the same path. However, Web3’s disruptive nature has the potential to give users true ownership of their online identity and new revenue streams, requiring comprehensive tools for developers and users alike to build unfettered frameworks and experiences that benefit everyone.
Sending Labs aims to build accessible, secure infrastructures for effective Web3 communication at both the developer and community levels.
Sending Labs’ two flagship products in the beta launch are SendingNetwork, a developer-focused SDK, and SendingMe, an encrypted decentralized group chat platform.
Builders can use the SendingNetwork SDK to add in-app/cross-app chats, notifications, wallet or Decentralized ID (DID) logins, NFT/token-based transacting, and management features seamlessly on a unified platform.
On the other hand, SendingMe is a decentralized group chat platform that fosters user-friendly Web3 growth, where users can connect socially, transact securely, or reward their friends and audiences.
Both platforms come with a comprehensive toolkit for community management and enhanced social features. Users retain full control of their identification, data, and assets, while communities gain full autonomy on interaction, engagement, and rewards.
Sending Labs is co-founded by ex-MoboTap founders Joe Yu and Mason Yang, the company behind Dolphin, one of the earliest Android-based mobile browsers. By championing innovation in user experience and accessibility, the founders grew Dolphin to a community of over 200 million users prior to its acquisition in 2014.
The team at Sending Labs addresses bottlenecks and challenges that impede scalability and user adoption by championing innovation in user experience and accessibility.
Joe Yu, Co-Founder and CEO of Sending Labs, believes that Web3 and decentralized group messaging are the first steps to return data ownership back to the user, showing confidence in their products and their potential to spark holistic Web3 growth.
Sending Labs’ innovative approach to decentralized, privacy-preserving communications infrastructure plays a fundamental role in unlocking the full potential of Web3 adoption, according to Yinglan Tan, Founding Managing Partner at Insignia Ventures Partners.
The team’s expertise in scaling products to reach hundreds of millions of users bridges the gap between complexity and user-friendliness, enabling Web3 to engage the next billion users.
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