Web3 digital identity service provider Root Protocol has completed a $10 million seed round financing in two tranches, led by Animoca Brands

2024-01-19 21:07:59

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ChainCatcher news, according to CoinDesk, Web3 digital identity service provider Root Protocol has completed a $10 million seed funding round in two phases, led by Animoca Brands, with participation from Signum Capital, Ankr Network, CMS Holdings, and angel investors Tekin Salimi and Meltem Demirors. Root Protocol's valuation has reached $100 million.

It is reported that Root Protocol is building a Web3 operating system that will serve as a digital identity aggregator, becoming "a one-stop service for all decentralized identity-related matters," to make access to different Web3 platforms more seamless.

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