DataDance, a Layer-2 blockchain network focused on transforming consumer data asset services, has successfully closed a multi-million-dollar seed funding round led by Hash Global.
The funding underscores DataDance’s commitment to building decentralized solutions for data collection, analysis, management, and trading, creating a robust ecosystem for data assets on the blockchain.
The platform aims to bridge Web2 and Web3 by integrating extensive partnerships with renowned brands and injecting authentic consumer behaviour data into the blockchain space. By leveraging innovative technology and services, DataDance moves beyond traditional frameworks, prioritizing functionality, user experience, and transformative services. Additionally, the integration of AI agents with on-chain data introduces new possibilities for unlocking the value of data assets.
This funding milestone positions DataDance to establish itself as a leader in decentralized data asset services and trading. With its mission to “onboard the world onchain,” the company’s initial focus is on making blockchain solutions seamlessly integrate into everyday life.
Geoffrey Tong, CEO of DataDance, highlighted the challenges posed by the current centralized structure of data asset trading. He explained that internet giants dominate the industry, driving up global traffic costs and stifling competition. Tong emphasized that DataDance has the potential to transform this landscape by decentralizing data asset transactions. By enabling a model where centralized and decentralized systems coexist, DataDance aims to inject fresh momentum into Web3 business innovation, fostering a more equitable and dynamic ecosystem.
In another development, UAE-based Web3 banking provider Klickl International secured an oversubscribed $25 million Series A funding round, raising its valuation to $125 million. Co-led by Web3Port Foundation and Aptos Labs, with backing from prominent investors, the funds will boost Klickl’s global Web3 banking expansion. The firm plans to launch Klickl Labs for partnerships and ventures in markets like Africa and Klickl Foundation to advance Web3 ecosystem growth and set new standards in the “PayFi” industry.
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