Web3 App Seeks to Take on Twitter with $12.5M Seed Funding
• Sending Labs, a new startup focused on decentralized communications protocols, has secured $12.5M in seed funding to launch the Web3 communications stack.
• Their first two messaging products are SendingNetwork and SendingMe which aim to enable privacy-preserving communication and guarantee digital assets ownership and transfer within community chats.
• Their tools allow users to monetize their projects using smart contract payments and trading protocols through a wide variety of methods like peer-to-peer swaps, community marketplaces, crowdfunding, airdrops, gifting, auctioning and others.
Sending Labs’ Seed Funding
Sending Labs has secured $12.5 million in seed funding to launch the Web3 communications stack in order to bring online communication to the next level. The lead investors included Insignia Venture Partners, MindWorks Capital and Signum Capital with other participants such as K3 Ventures and Lingfeng Innovation Fund.
Messaging Products
The startup’s first two messaging products include SendingNetwork and SendingMe which aim to assist developers in building decentralized social applications while helping the community access an encrypted decentralized group chat platform. They provide users with ways of monetizing their projects using smart contract payments and trading protocols through various methods such as peer-to-peer swaps, community marketplaces, crowdfunding, airdrops, gifting, auctioning or others.
Web3 Communications Stack
The Web3 communications stack is designed for providing secure communication infrastructure for developers by applying end-to-end decentralization of its core products. It also enables privacy-preserving communications so that digital asset ownership can be transferred securely within community chats.
Co-founders of Dolphin Browser
The co-founders behind this project include developers who built the Dolphin browser – one of the earliest Android based mobile browsers launched in 2011 – which was later acquired by CyWalt Inc., back in April 2014.
