Alan Howard invests in Polygon-based web3 data startup Navigate (via Yogita_Khatri5)
Navigate has raised $7.6 million in seed funding from Alan Howard, Kraken Ventures and others.advertisement
Navigate closed its round in the first quarter of this year, said Center. She acknowledged that the market environment has now become challenging for raising funds, but investor capital remains available"for great ideas and good teams."Navigate's business idea is to let users share data on its platform and, in return, offer crypto rewards in its NVG8 token.
Navigate said its first application will be Navigate Maps — a map of major cities. Unlike traditional satellite-based map offerings, Navigate claims that Maps will be a community-owned app that is constantly updated using data uploaded by users.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Israeli VC Pitango launches investment DAO, to issue tokenPitango, one of Israel's leading venture capital firms, has launched a DAO to invest in web3 projects and will also issue a token.
Read more »
A Look at Filecoin’s Ecosystem DevelopmentsBlockchain-based decentralized storage networks saw rapid adoption last year, coinciding with NFTs going mainstream and surging interest in web3.
Read more »
Bitcoin Mining Ban in New York Won't Reduce Carbon Emissions: Crypto LawyerJake Chervinsky, long-term GC of DeFi heavyweight Compound and one of most influential Web3 lawyers, criticizes anti-Bitcoin bill
Read more »
Zero-Emissions, Ammonia-Fueled Tractor Demonstrated By AmogyAmogy, Inc., a Brooklyn, New York-based startup, demonstrated a zero-emissions, ammonia-fueled tractor in late May 2022.
Read more »