Golden, the web3 information firm, has efficiently closed its $40 million Sequence B funding spherical this week. Led by Andreessen Horowitz, the funding spherical managed to take the corporate’s complete funding to over $60 million. In accordance with Golden, the funds will likely be used to assist develop its decentralised information protocol.
Alongside a16z, the funding spherical was joined by Protocol Labs, Solana blockchain’s Raj Gokal and Arash Ferdowsi of Dropbox.
Previous to this funding spherical, a16z had already been actively working with Golden, with its Co-Founder (Marc Andreessen) on its board of administrators. With this spherical accomplished, fellow accomplice Ali Yahya will even change into a part of the board.
After all, the funding comes as no shock, contemplating the utility of the Golden Protocol. Designed to offer monetary incentives by way of its tokens, the protocol goals to encourage appropriate information and validation for accuracy. With many blockchain’s shifting to Proof-of-Stake, Golden’s protocol presents a viable different.
Presently, the protocol is in testnet stage, with its mainnnet launch slated for Q2 2023. Discover out extra through the corporate’s web site.
