Terminal 3 Raises Oversubscribed Pre-Seed Round for Decentralized User Data Infrastructure

Terminal 3 Raises Pre-Seed Round to Build User Data Infrastructure for Web3

Hong Kong-based Web3 startup, Terminal 3, has successfully raised an oversubscribed pre-seed round to develop user data infrastructure for a decentralized future. The company aims to replace centralized data storage with decentralized storage and zero-knowledge proofs to create a Web3 environment where user data is private and secure. Terminal 3’s investor group includes 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, and others.

Key Points:

Terminal 3 seeks to replace centralized data storage with decentralized storage and zero-knowledge proofs.
The company’s goal is to create a Web3 environment where user data is freely composable, private, and secure.
Terminal 3’s founders have experience in building and transforming technology companies, including the South China Morning Post and Skillshare.
New data privacy regulations, such as GDPR, have created a need for alternative data infrastructure.
Blockchain technology is seen as a solution for data privacy and security issues.

Hot Take:

Terminal 3’s successful pre-seed round demonstrates the growing interest in decentralized data infrastructure. As data privacy regulations become more stringent, companies are realizing the importance of self-sovereign data. Terminal 3’s use of blockchain technology and their experienced team position them as a compelling alternative to existing data storage solutions. By prioritizing user privacy and security, Terminal 3 is paving the way for a more equitable and innovative Web3.