November 11, 2024
mbd, a startup focused on advancing AI-powered recommender systems for Web3 social platforms, has successfully closed a $3 million pre-seed funding round. The investment was co-led by Mask Network and Polymorphic Capital, with notable contributions from a16zcrypto, CSX, FWD Research, Social Graph VC, and WAGMI VC. The funding comes as MBD seeks to revolutionize user engagement in the decentralized social space.
The company’s technology leverages artificial intelligence to provide highly personalized content recommendations within Web3 environments. By integrating machine learning models, MBD aims to help decentralized apps deliver relevant content to users while maintaining privacy—a critical factor in the Web3 ecosystem. The platform’s AI solutions are poised to enhance user interaction, making decentralized social networks more engaging and user-friendly.
With this fresh capital, MBD plans to accelerate the development of its AI technology and explore strategic partnerships within the Web3 sector. The company’s next steps include working with decentralized social apps to implement its recommender systems and refine its offerings to meet the needs of this rapidly growing market.
About MBD
MBD is an emerging technology company that aims to integrate artificial intelligence into Web3 social applications. The company focuses on developing advanced recommender systems designed to improve user engagement by offering personalized content while ensuring privacy and decentralization.
Website: https://www.mbd.xyz/
X: @mbdtheworld
About Investors
Mask Network
Mask Network connects Web2 users to Web3 applications, enabling privacy-conscious interactions with decentralized tools and services. Mask Network is focused on bridging the gap between traditional internet services and the decentralized web.
Location: Champaign, Illinois
Website: https://www.mask.io/
Polymorphic Capital
Polymorphic Capital is a venture capital firm specializing in investments in blockchain and Web3 startups. The firm is dedicated to backing innovative projects at the intersection of decentralized technologies and AI.
Location: Cyprus
Website: https://polymorphic.capital/
a16zcrypto
a16zcrypto, the cryptocurrency-focused division of Andreessen Horowitz, is a venture firm that invests in cutting-edge projects shaping the decentralized internet. The firm’s portfolio includes a range of blockchain and crypto companies.
Location: Menlo Park, California
Website: https://a16zcrypto.com/
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