Subscribe to Our Newsletter
Thursday May 19, 2022
Bitcoin (BTC) $29,165.00   Ether (ETH) $1,948.81
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Capital Raising

Origin Protocol gets $28.5 million in funding from FBG, BlockAsset, and others

Published by CryptoNinjas.net
04/25/2018
Origin Protocol gets $28.5 million in funding from FBG, BlockAsset, and others

Origin Protocol, a San Francisco-based startup that is building the infrastructure for a new decentralized sharing economy, has announced that the company has closed a $28.5 million strategic round from an all-star group of investors. The company, which looks to replace an industry of multi-million and even multi-billion-dollar companies with open source software, has already grown to an ecosystem of over 45 companies looking to build on top of their blockchain platform.

Since launching in June of 2017, Origin Protocol has grown to a community of over 22,000 people on Telegram and has commitments from over 45 companies that intend to build decentralized sharing economy applications that directly compete with giant companies like Uber and Airbnb. The growing list of projects ‘building on Origin’ have all adopted a model of blockchain decentralization that will allow for lower fees for the customer, better control of user data, stronger protections, more profit sharing for workers and more.

Origin empowers developers and businesses to build decentralized marketplaces directly on the blockchain by making it easy to create and manage listings for the fractional usage of assets and services. Buyers and sellers can discover each other, browse listings, make bookings, leave ratings and reviews, and much more.

[perfectpullquote align=”right” bordertop=”false” cite=”Matthew Liu Co-founder of Origin Protocol” link=”” color=”” class=”” size=””]“With a strong group of strategic investors behind us, the new capital will be used to continue to build out our world-class engineering, product, and business teams as we gear up for a full platform deployment. We’re also allocating capital to support our developer partners that are building on Origin and to find creative ways to give back to the community.”[/perfectpullquote]

The company confirmed that a group of traditional Silicon Valley investors and crypto funds have supported the project in a strategy sale round that was offered to a select group that would help bring the Origin vision to reality, including:

  • Foundation Capital, venture investor in sharing economy companies like Uber, Luxe, and Peerspace
  • Garry Tan, former Y Combinator partner and first investor in Coinbase and Instacart
  • Alexis Ohanian, founder and former CEO of Reddit
  • Gil Penchina, AngelList’s top syndicate lead
  • Kamal Ravikant, an investor in Protocol Labs (creator of IPFS and Filecoin)
  • Steve Jang, Uber’s founding advisor, and early angel
  • Randall Kaplan, founder of Akamai

The traditional investors are joining an international group of top cryptocurrency investors, that include:

  • BlockTower Capital, Turing Capital (United States)
  • 1kx fund (Germany)
  • FBG, Danhua Capital, Continue Capital, PreAngel Fund (China)
  • Hashed (South Korea)
  • Smart Contract Japan, Red Robot (Japan)
  • Kenetic Capital (Hong Kong)
  • BlockAsset, Spartan Group, Iconic, Beyond Blocks (Southeast Asia)
  • KBW Ventures (Middle East)
19
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blox integrates Origin Protocol to enable bookkeeping for P2P market operators

01/13/2020
Blox integrates Origin Protocol to enable bookkeeping for P2P market operators

Blox, a platform for crypto accounting, tax and asset management, has announced a collaboration with Origin Protocol, a blockchain platform for building decentralized marketplaces, to enable automated tools for helping operators, investors and finance...

Read more

Origin Protocol launches mainnet beta of its marketplace DApp

10/10/2018
Origin Protocol launches mainnet beta of its marketplace DApp

Origin, a protocol for creating peer-to-peer marketplaces using the Ethereum blockchain and IPFS today announced the launch of the beta version of its mainnet. At the end of September, the Origin team quietly launched...

Read more

Jupiter Chain and Deloitte to deploy blockchain powered data exchange in Southeast Asia

09/18/2018
Jupiter Chain and Deloitte to deploy blockchain powered data exchange in Southeast Asia

Singapore-based Jupiter Chain and Deloitte announced today a strategic collaboration to implement in Southeast Asia an innovative data exchange which provides consumers with a fully transparent avenue for monetizing their data by connecting with businesses on...

Read more

SciDex to utilize Origin Protocol for creation of marketplace

09/05/2018
SciDex to utilize Origin Protocol for creation of marketplace

SciDex, a protocol unlocking human readable and adaptable smart contracts has recently announced a partnership with open source blockchain platform Origin Protocol for the creation of its SciDex marketplace. While SciDex is primarily focused...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

05/12/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Asia cypto margin trading app MoonXBT integrates XanPool's fiat gateway

Asia crypto margin trading app MoonXBT integrates XanPool’s fiat gateway

05/12/2022
Hedera launchpad platform HederaStarter to launch its native token via IDO on May 19

Hedera launchpad platform HederaStarter to hold IDO May 19 to establish HSTART token

05/11/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
StoneX executes its first cash-settled bitcoin (BTC/USD) swap

StoneX executes its first cash-settled bitcoin (BTC/USD) swap

05/18/2022
Crypto tech platform Fireblocks unveils new 'Web3 Engine' with suite of developer tools

Crypto tech platform Fireblocks unveils new ‘Web3 Engine’ with suite of developer tools

05/17/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version