Blockchain startup DEIP, behind the Creator Economy Protocol technology, raised over $2M from Hillrise Capital, Blockwall Capital, AU21& GAINS Associates, Shima Capital and others.
At its launch in 2018, DEIP became the world’s first Web 3.0 Protocol for the tokenization of high-value intangible assets like intellectual property. The protocol is a driving force behind the creator economy, democratizing access to resources. It does so by facilitating the flow of rewards to content creators, which the DEIP Network pools together into decentralized autonomous organizations.
The company has now raised $2M to drive the adoption of Web 3.0 with the help of a modular constructor, which has been touted as “WordPress for Web 3.0”: technology that allows both engineers and business leaders to create applications faster than any other existing solution. The latest round follows fundraising that included investments from a former Nokia C-level executive, EPAM Systems (NYSE: EPAM) co-founder Leonid Lozner, and grants from the Web 3.0 Foundation and European Commission.
“Becoming an early-stage investor in DEIP was a no-brainer: their software engineering team is one of the most talented I have ever worked with. Also, DEIP’s technology is something that can change the world, specifically in the world of scientific breakthroughs. The future is human and intellectual capital,” commented DEIP early investor and EPAM Systems co-founder Leonid Lozner.
The funds raised will be used to launch Collective Intelligence Labs, a business unit aimed at facilitating the rise of 1,000 new Web 3.0 businesses using DEIP technology. Current Web 2.0 companies can benefit from Web 3.0 innovations such as fractional non-fungible tokens (F-NFT), which increase the liquidity of intangible assets.
“Being at the forefront of the Web 3.0 movement is an honor for us and DEIP is determined to speed up mass adoption of Web 3.0 beyond crypto,” asserted DEIP co-founder and CEO, Alex Shkor. “With this company milestone, we are thankful for the support of investors and look forward to building a bridge between Web 2.0 & Web 3.0 companies, so the creator economy can continue to thrive.”
DEIP is a group of developers, architects, researchers and designers who are creating technology to bring about a completely meritocratic society using a fully transparent, multi-dimensional reputation system, which implements frameworks for crowdsourcing decisions.
DEIP Protocol (Creator Economy Protocol) is a Web 3.0 domain-specific protocol/chain for intangible assets and derivatives. The protocol enables the discovery, evaluation, licensing, and exchange of intangible assets. It is designed specifically for intangible asset tokenization (in the form of F-NFT), governance (via DAO), and liquidity (via DeFi instruments and derivatives).