Valory AG, the developer of autonomous software systems, said today that it has closed $4 million in seed funding to fill the gap in crypto infrastructure between decentralized Web3 apps and centralized services with the help of open-source tools.
True Ventures led the funding round with participation from Signature Ventures, Semantic Ventures, Prime Block Ventures, Proof Group and Atka.
Valory was launched in mid-2021 with the vision to realize the promise of crypto, enabling developers to build apps that take advantage of off-chain protocols – that is, data not recorded on the blockchain — through true autonomy, which means transparency and less human intervention.
That would be useful for groups known as decentralized autonomous organizations, or DAOs, which govern themselves using blockchain technology and smart contracts. Their objective is essentially to become crypto corporations or communities that work autonomously using blockchain technology for proposals, votes and other...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...