Information Protocol RSS3, a decentralized data storage and sharing protocol, has announced that it has raised $10M through a token sale to DWF Labs, a venture capital firm focused on the decentralized web. The funding will be used to further develop the protocol and build out its features.
Information Protocol RSS3 is a blockchain-based protocol that enables users to securely store and share data on the blockchain. The protocol utilizes sophisticated encryption methods to ensure that data is securely stored and accessed only by authorized parties. Additionally, the protocol allows for the automated transfer of data between different blockchain networks.
This funding will enable the team to further develop the protocol and add new features that will make it more efficient, secure, and user-friendly. The team also plans to expand its network of partners, which will enable it to reach a broader user base and facilitate the transfer of data between different blockchain networks.
The team behind the protocol is composed of experienced blockchain engineers, developers, and entrepreneurs who have been involved in the decentralized web for several years. The lead developer is a veteran of the blockchain space and has worked on several projects in the past, including Ethereum and Zcash.
The funding from DWF Labs is a vote of confidence in the Information Protocol RSS3 team and its protocol. By providing additional resources, the team will be able to further develop the protocol and provide users with a secure and efficient way to store and share data on the blockchain.
The Information Protocol RSS3 team is also looking to expand its network of partners, which will enable the protocol to reach a broader user base and facilitate the transfer of data between different blockchain networks. This will help to ensure that users have access to the data they need, no matter what blockchain network they’re on.
The Information Protocol RSS3 team is excited to have the support of DWF Labs, and is looking forward to further developing the protocol and expanding its network of partners. The team believes that this funding will enable them to fulfill their vision of providing users with a secure and efficient way to store and share data on the blockchain.
