Matters Lab, a Hong Kong and Los Angeles-based provider of a Web3 social media platform, raised US$2M in Pre-A funding.
Backers included Longling Capital, Protocol Labs, Mask Network, Crust network, Infinity Labs, Assembly Partners, and Incuba Alpha.
Matters Lab will use this capital for further expansion and innovation, including:
- Partnership: bringing in different technologies and partners for a successful Web3 social media network
- Web 3 applications: The Space is the first web 3 decentralized application built on Matters’ “Harberger DAO” protocols
- Tokenization: capture value created in social network and reward creators and curators
Matters Lab is known for its open-source decentralized Web3 publishing platform, Matters.news. The platform rose to prominence as a blockchain media experiment and testing ground to empower creators and artists in a public discussion space. Since then, it has launched other web3 projects, including Traveloggers, an NFT art to expand private ownership with collective creation, and coming soon, The Space, a new web3 Decentralized Autonomous Organization (DAO) based on the Harberger Tax.
Partnerships with web3 players like Protocol Lab, an open-sourced R&D Lab that builds protocols and tools to improve the internet, and Crust Network, which provides a web3 decentralized storage network for the Metaverse, will bring much expertise to Matters.
The company is based in Hong Kong, China, Taipei, Taiwan and Los Angeles.
FinSMEs
28/01/2022