The round welcomed investment from top crypto firms including DAO Maker, Shima Capital and Gate.io, among other investors.
Web3Intelligence, a digital asset wealth-builder and creator of Dopamine, a Web 3 investment super app, announced the successful completion of a private funding round, raising $4.5 million. The private investment round included participation from DAO Maker, Shima Capital and Gate.io, among other investors.
The funding round precedes the launch of Dopamine’s native utility token, $DOPE, which is expected to launch on several centralized and decentralized exchanges later this quarter, according to a press release sent to our desks this Thursday.
The token will serve as a utility token within the Dopamine super app, which provides users with a gamified investment experience in the decentralized finance (DeFi) ecosystem. Additionally, organizations and institutions holding $DOPE will gain access to Web3Intelligence’s full tech stack and source code for use in their infrastructure.
Notwithstanding, institutions and retailers holding $DOPE will also get access to Web3Intelligence’s world-beating anti-money laundering (AML) infrastructure via the Dopamine app. This will help their platforms and decentralized applications remain regulatory compliant even when dealing with the DeFi ecosystem.
“Because we aggregate and standardize AML information, we can provide a comprehensive view of web3 wallets that meets the standards expected of compliance officers, as well as users seeking a holistic understanding of their digital asset portfolios,” said Karim Chaib, CEO of Web3Intelligence. “By setting the compliant framework for real-world asset management, we will empower users to navigate the DeFi space with confidence and intelligence.”
In addition, the platform will give AML scores to Web3 wallets and record this information on-chain in the form of a non-fungible token (NFT). This gives confidence to clients that they are compliant, empowering them to navigate the DeFi space in a way similar to traditional finance.
“Web3Intelligence has the team and tools to become a significant ecosystem enhancer,” said Christoph Zaknun, CEO & Founder of DAO Maker, who participated in the funding round. “Their approach to integrating AML standards into the DeFi space while offering meaningful benefits to token holders is truly innovative.”
Since its launch in 2021, Web3Intelligence has witnessed rapid growth, with over 3.5 million lifetime downloads and over 200,000 distributed NFTs. The long-awaited launch of $DOPE is expected to boost adoption rates to the platform further as users look for more compliant solutions within the DeFi world.
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