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Root Protocol(Formerly NFT3) - Extended Seed
Overview
Funding Date
January 19, 2024
Financing amount
$2.5M
Valuation
$100M
Category
Subcategory
About Root Protocol(Formerly NFT3) - Extended Seed
Root Protocol, a digital identity service aiming to unify access to Web3 platforms, has raised $10 million across two seed rounds. The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors, including Signum Capital, Ankr Network, CMS Holdings and angel investors Tekin Salimi and Meltem Demirors.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Hong Kong | 2014 | 322 | -- | ||
| Fund | Singapore | 2017 | 105 | [email protected] | ||
| Corporate | -- | -- | 1 | -- | ||
| Fund | United States of America | 2019 | 155 | [email protected] | ||
| Angel Investor | -- | -- | 8 | -- | ||
| Angel Investor | United States of America | -- | 41 | -- |
Founders & Team
Dylan Dewdney
Company Profile / Project Introduction
Root(Formerly NFT3) is building an operating system with the composition of an intent centric aggregator of digital identity, virtual accounts, social graphs, and more to enable unified access to Web3. Root Protocol is building a Web3 operating system that will serve as a digital identity aggregator, becoming "a one-stop station for all things decentralized identity" to make accessing different Web3 platforms a more seamless process.