October 15, 2024
Backed by $7 million from top venture capital firms like Tribe and 1kx, Predicate is launching its product this week, adhering to the decentralized principles of blockchain. Founded by two former Celo blockchain alumni, Predicate offers a service that allows crypto apps to seamlessly implement transaction approval logic. This complex infrastructure supports various products, from Netflix to Venmo.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
Predicate | $7M | October 15, 2024 | 1kx Network, Tribe Capital, Figment Capital | Infrastructure |
Predicate will be available on Ethereum and other EVM-compatible chains, with plans to expand to additional blockchains. It is also collaborating with the restaking network EigenLayer, which launched its token in early October, to build a community of operators using a proof-of-stake system to deploy Predicate’s technology.
About Predicate
Predicate is a startup that simplifies the process of implementing transaction approval logic for crypto applications. Founded by two former Celo blockchain alumni, Predicate offers a service that allows apps to seamlessly decide whether a transaction can be approved. This service is available on Ethereum and other EVM-compatible chains, with plans to expand to additional blockchains. Predicate is also working with the restaking network EigenLayer to build a community of operators using a proof-of-stake system to deploy its technology.
Website: https://predicate.io/
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About Investor
1kx Network, Tribe Capital, Figment Capital.
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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