Golden, the web3 knowledge firm, has efficiently closed its $40 million Collection B funding spherical this week. Led by Andreessen Horowitz, the funding spherical managed to take the corporate’s whole funding to over $60 million. Based on Golden, the funds can be used to assist develop its decentralised knowledge protocol.
Alongside a16z, the funding spherical was joined by Protocol Labs, Solana blockchain’s Raj Gokal and Arash Ferdowsi of Dropbox.
Previous to this funding spherical, a16z had already been actively working with Golden, with its Co-Founder (Marc Andreessen) on its board of administrators. With this spherical accomplished, fellow companion Ali Yahya will even grow to be a part of the board.
After all, the funding comes as no shock, contemplating the utility of the Golden Protocol. Designed to supply monetary incentives by means of its tokens, the protocol goals to encourage appropriate knowledge and validation for accuracy. With many blockchain’s shifting to Proof-of-Stake, Golden’s protocol affords a viable different.
Presently, the protocol is in testnet stage, with its mainnnet launch slated for Q2 2023. Discover out extra through the corporate’s web site.
