![]() ![]() This is where Automata’s thoughtful and straightforward approach really shines in tucking away the technical sophistication - users will choose privacy when it’s easy - while protecting ideals of open and fair access enshrined in the original promise of Web 3” Deli Gong, Co-Founder of Automata Network, added. “DeFi’s predatory landscape continues to scapegoat users, with their acceptance and liquidity suffering for it. The project has over 160K followers on Twitter, and its campaign with CoinMarketCap was the most popular in 2021, with over 3.7 million people participating in the airdrop. The team is working to broaden its product stack, including a one-stop NFT platform that offers Fairdrops, Blindbox sales and similar launch features focused on fairness a DAO platform purpose-built for the multi-chain era, facilitating both off-chain signaling and on-chain governance, with the aggregation of voting power for multi-chain tokens and a composable middleware API complemented by anti-frontrunning, gasless transactions and 2FA verification.Īt present, Automata Network has built up a global presence with over 11 local communities set up on the ground. The new funding by Binance Labs announced today will be used to support Automata Network’s expansion efforts, which includes product development and technical research. Binance Labs looks forward to bringing Web3, especially middleware services, as Automata is building in the area to the next level.” ![]() Automata’s Witness, an off-chain governance solution with built-in privacy features, has supported over 13 projects including Polygon Network, Moonbeam Network, and Avalanche.īill Chin, Head of Binance Labs Fund, said, “Automata Network hits the mark with its intuitive understanding of how a fair Web3 derives from the systemic benefits of privacy. Automata’s Conveyor minimises Maximal Extractable Value with ordered privacy, and has observed remarkable traction in the metaverse, expanding upon NFT launches with a fair and accessible design. the iTunes media player, the Safari web browser, and the iLife and iWork. The funding boost comes as Automata Network doubles down on its privacy-focused products and services, including a one-stop NFT platform, a multi-chain DAO deployment platform and a composable middleware API, in the pipeline.īinance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce its latest strategic investment in Automata Network, a decentralized service protocol that provides privacy middlewares for dApps.Īutomata Network solves pain points associated with Web3’s transparent and traceable interactions. Evaluate their financials based on Automatas post-money valuation and revenue. Binance Labs strategically invests in Automata Network to support a fair and privacy-focused Web3. ![]()
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