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Root Protocol - Seed
Overview
Funding Date
July 26, 2022
Financing amount
$9M
Valuation
--
Category
Subcategory
About Root Protocol - Seed
Root Protocol announced a $9M Seed Round for Root Protocol with participation from Road Capital, Nima Capital, Soma Capital, and Manifest Crypto, among other leading crypto-native investors.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Spain | 2020 | 17 | -- | ||
| Fund | United States of America | 2013 | 21 | -- | ||
| Fund | United States of America | 2015 | 30 | -- | ||
| Uncategorized | Unknown | -- | 1 | -- |
Company Profile / Project Introduction
Root is designed as a rent-free, public good protocol and to support many types of permissionless markets. Rent comes not only in the form of non-zero platform fees, but also in the requirement to use money with negative-carry costs. Instead of rent-based markets, Root creates a new zero-fee, positive-carry market structure and accounts for transactions in Bean-Denominated Value (BDV), which consists of Beans and Bean LP tokens.