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Decentralized Social (DeSo) raises $200m in funding

Japan based blockchain project with social tools such as profiles raised $200m in funding from investors including a16z, Coinbase Ventures, Sequoia, Winklevoss Capital, Polychain Capital and Pantera Capital. 

When asked why previous investors backed him again especially after Basis failed to launch, Al-Naji told The Block that they "care deeply" about fixing the problems that plague traditional centralized social media platforms. "I think for most of them, it wasn't just about making money, but about creating a better platform for public discourse than what we have today," said Al-Naji.

Tags

blockchain, defi