SkillWallet Raises $1.65 Million In Seed Funding Round

SkillWallet is the first Protocol enabling a truly permissionless, universal identity. It’s designed to tie together the individuals with the communities they join, and reward them based on their participation. After its journey with ConsenSys Mesh at Tachyon Acceleration Program, SkillWallet development gteams are excited to announce that SkillWallet has closed a $1.65M funding round.

The round was led by Third Kind Venture Capital (3kvc), with other Web2- and Web3-native VCs of the caliber of Graph Ventures, Youbi Capital, ConsenSys, Protocol Labs, Fenbushi Capital, HashKey, and first strategic investments in Web3 by Eniac Ventures, as well as Pareto Holdings.

Together with the deep expertise brought to the table by its investors, this round allows SkillWallet to continue pursuing its vision of a truly permissionless, skill-based Identity Layer for Web3.

ABOUT SkillWallet
SkillWallets are Individual, non-transferable NFT IDs based on Skills & Reputation, rather than personal data. It helps communities onboard their members, attaching a Role-based membership module to their DAO contract. Sharing a collective, decentralized authentication system, and letting DAOs build their Membership as an Identity-lego — in a radically safer, community-owned, financially- sustainable way.

RESOURCES
Medium

Source: https://thebittimes.com/skillwallet-raises-1-65-million-in-seed-funding-round-tbt11723.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com