May 2, 2024
Airstack, a SocialFi company within the Farcaster ecosystem, announced a significant $4 million Seed Financing round today at Farcon, Venice, CA. This round, led by Red Beard Ventures, included contributions from a diverse group of investors, including Superlayer, Polymorphic, Superscrypt, HashedEM, Delta Blockchain Fund, CSP DAO, and many others.
This funding follows previous rounds, bringing Airstack's total raised funds to $11.5 million.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Airstack | May 2, 2024 | $4M | Seed | $11.5M | Red Beard Ventures | Web3 |
Airstack operates a Social Finance movement on Farcaster, developing tools and products that empower creators and developers. The platform rewards quality content creation, app development, and user engagement within the Farcaster network.
With its latest seed funding, Airstack plans to expand its innovative offerings in the SocialFi space, including enhancing its Social Capital Value metrics and onchain composability features. The funding will also support the growth of Airstack’s development teams and the scalability of its APIs.
The platform provides innovative tools to monetize and reward content and application development, enhancing user engagement by measuring and rewarding quality interaction within the Farcaster ecosystem. It also offers industry-leading API tools for on-chain data integration across various blockchains.
Airstack’s growth highlights its crucial role in advancing the Social Finance sector, especially within the Farcaster community. The platform’s ability to facilitate significant transaction volumes and API usage underscores its value to developers and content creators alike.
About Airstack:
Airstack is redefining the landscape of Social Finance with its advanced platform that integrates artificial intelligence to manage on-chain data effectively across projects and blockchains. The company's commitment to innovation and community empowerment positions it as a leader in Web3 technologies.
Website: https://airstack.xyz/
X Account: @airstack_xyz
X Followers today: 3,997
X Followers 30 days ago: 3,713
X Follower change: 284 (+ 7.6%)
About Investor
Investor: Redbeard Ventures
Description: Red Beard Ventures is a venture capital firm focused on early-stage investments in technologies shaping the future of the Metaverse and other innovative areas. They specialize in blockchain, Web3, and digital content technologies and support projects that push societal and technological boundaries.
Location: United States
Website: https://redbeard.ventures/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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