The latest funding round of Humanity Protocol was co-led by Pantera Capital and Jump Crypto at a $1.1 billion valuation.
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The company’s Web3 strategy values and rewards educational content creators through Publisher NFTs, and the funding will help to further develop this initiative.
The platform aims to create an NFT ecosystem that leverages cutting-edge tech capabilities offered by AI and the modular blockchain stack, making it well positioned for the future of the blockchain world.
“The high cost of computation on existing blockchains significantly limits what can be built on-chain, and forces developers to choose between security and computation efficiency, ultimately leading to security issues,” states Monad Labs CTO, James Hunsaker.
The DeFi (Decentralized Finance) space is witnessing a growing trend in cross-chain financial services, as users seek to take advantage of the many yield opportunities available…
“It shouldn’t matter whether someone is crypto-native or not – they’ll find something for them at Midnight,” states Midnight CEO and founder, Steve Wade.
The Web 3.0 startup will use the funds to support growth, accelerate product development and expand its market.