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Master Protocol - Seed
Overview
About Master Protocol - Seed
Master Protocol has successfully completed its angel and part of its seed round funding at a valuation of $25 million. The funding round saw participation from Cogitent Venture, Token Metrics, CSP DAO, and Founderheads, among others. The exact amount raised in the funding round has not been disclosed.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | -- | -- | 66 | -- | ||
| Corporate | United States of America | -- | 11 | -- | ||
| DAO | -- | 2020 | 34 | -- | ||
| Corporate | Unknown | -- | 12 | -- |
Company Profile / Project Introduction
The Master Protocol is the new Bitcoin decentralized restaking protocol. It provides outsourced security to Bitcoin L2s and applications from native bitcoin via a decentralized mechanism similar to Ethereum Beacon chain in exchange for yields and offers an in-built layer which enables LSDFi, DeFi. The protocol is secured by a network of Decentralized Master Node(s) with protocol's tokens. The Decentralized Master Node(s) further governs Decentralized Master Operators who are responsible for facilitating the interoperability of the protocol.