Root Protocol Raises $10 Million at $100M Valuation to Build a User-based Operating System and Mission Control for Web3
Retrieved on:
Wednesday, January 24, 2024
The founding team members, collaborators and advisors of Root Protocol are from Consensys, Bankless Ventures, Ontology, Polygon, CoinShares, Morgan Stanley, DCG, Stanford University and MIT, and are a group of longtime crypto and Web3 builders and enthusiasts.
Key Points:
- The founding team members, collaborators and advisors of Root Protocol are from Consensys, Bankless Ventures, Ontology, Polygon, CoinShares, Morgan Stanley, DCG, Stanford University and MIT, and are a group of longtime crypto and Web3 builders and enthusiasts.
- Root Protocol is the root of Web3.
- Root Protocol raising a healthy sum at the seed stage may then be a sign that things have changed."
- It consists of four main components, including the Root Operation Executor, Root Chain (Rollup), Root Account, and Root Indexer, all of which operate together to facilitate effortless interoperability, scalability, and composability.