Intu Secures $2 Million in Pre-Seed Funding for Web3 Decentralized Account Management Agreement

02/21/2023 13:36 • Tech Ticker • 177 views

On February 21, the Web3 Decentralized Account Management Agreement Intu announced the completion of the $2 million Pre-Seed round of financing, with the participation of CoinFund, Metaweb Ventures, Fantom Foundation, Kitefin, Orrick and a number of angel investors.

Web3 Decentralized Account Management Agreement Intu completed $2 million Pre-Seed round financing

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Intu, a decentralized technology platform that aims to provide users with control of their digital identities and assets, has announced the successful completion of a $2 million Pre-Seed funding round. The funding round saw contributions from some of the most notable players in the blockchain and cryptocurrency industry, including CoinFund, Metaweb Ventures, Fantom Foundation, Kitefin, Orrick, and a group of angel investors.

Intu’s vision for the platform is to create a new standard for decentralized identity and account management. By utilizing Web3 technologies, the platform aims to provide decentralized identity solutions and account management tools to consumers, businesses, and developers, enabling them to take control of their digital identities and assets securely.

The completion of the funding round is a significant milestone for Intu as it will enable the company to accelerate the development of its technology and grow its team. The funding will also help increase the platform’s adoption and further bolster the development of the decentralized finance (DeFi) ecosystem.

CoinFund’s contribution to the funding round highlights the company’s growing interest in the DeFi space, which has seen exponential growth in the last few years. According to CoinFund’s CEO, Jake Brukhman, Intu’s vision aligns well with the firm’s mission to invest in companies that use blockchain and other Web3 technologies to provide decentralized solutions to real-world problems.

Similarly, Fantom Foundation’s participation in the funding round demonstrates the firm’s commitment to supporting projects that leverage blockchain technology for social good, which is one of the core mandates of the foundation.

Overall, the successful completion of the Pre-Seed funding round is a positive sign for the Web3 ecosystem, as it shows that investors are increasingly interested in supporting decentralized solutions that can provide real value to consumers, businesses, and developers.

In summary, Intu’s $2 million Pre-Seed funding round from major industry players is a testament to the potential of the Web3 Decentralized Account Management Agreement. This investment will allow Intu to accelerate its technological developments and increase adoption, ultimately contributing to DeFi success.

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