Prominent cryptocurrency billionaire Tim Draper has spearheaded a $4 million funding round for a Web3-focused altcoin project.
This altcoin project received support from Tim Draper in the funding round
EtherMail, the Web3 email solution that sets the standard for anonymous and encrypted wallet-to-wallet communication, has secured $4 million in a pre-Series A funding round led by Draper Associates, Tim Draper’s company.
The funding will be “used to support the release of EtherMail SSO (Single Sign-On Solution) and AMS (Ad Market Solution) with a personalized protective layer for email users spam filtering.”
EtherMail has experienced rapid growth in terms of user engagement with over 500,000 users since closing its $3.3 million initial round in August 2022. The altcoin project’s Web3 email solution also “facilitated Web3 voting for the Crypties Awards 2022 at Decrypt Studios’ inaugural ceremony, with more than 10,000 attendees, the leading annual awards initiative in the crypto market.”
cryptocoin.com EtherMail announced that it has “expanded the reach of its Web3 email solution to millions of registered UD and ENS users with ENS (Ethereum Name Service) and Unstoppable Domains powered by Draper”.
Among crypto investors at MS&AD Ventures
MS&AD Ventures is “backed by MS&AD Insurance Group Holdings, the world’s fifth largest insurance company and Asia’s leading player.” Shant Kevonian, CEO and Founder of EtherMail, had this to say about Draper and MS&AD’s support:
Today’s announcement represents an important seal of approval for our Web3 email solution by one of the world’s leading technology investment visionaries. Draper Associates has an unrivaled track record of supporting early-stage industry players and we are proud to join companies like Tesla, SpaceX and our partners Unstoppable Domains as Draper-backed innovators. Additionally, MS&AD’s support will be invaluable as we continue our expansion in Asia by setting the standard for anonymous and encrypted wallet-to-wallet communication.
Tim Draper, co-founder of Draper Associates, stated that a productive year awaits EtherMail:
The EtherMail team has quickly established a dominant market position at the forefront of Web3 email innovation, supported by a solid understanding of the evolving Web3 market dynamics. With an expanding network of partnerships, exciting integrations with leading Web3 platforms, and a comprehensive product roadmap on the horizon, the company is poised for a massive growth trajectory in 2023 and beyond.
About EtherMail
EtherMail is the first Web 3.0 Email Solution that sets the standard for anonymous and encrypted wallet-to-wallet communication. For Web 3.0 Companies: With EtherMail, companies can send rich, relevant content directly to asset holders based on real-time information synchronized with the Blockchain. The project does not currently have any tokens traded on exchanges.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.