Navigate (NVG8), a community platform powering a data ownership ecosystem, has announced its project launch and close of a $7.625 million seed round. The round was led by Distributed Global, with added investments from Alan Howard, Kraken Ventures, Jez Mohideen, Outlier Ventures, and others.
The seed round comes in conjunction with the appointment of Amir Husain, Founder, and CEO of SparkCognition, and Rumi Morales, Director of Investments at Digital Currency Group, as founding members of the Navigate Board of Directors.
Built on the Polygon Network, Navigate aims to be the ultimate destination for contributing, sourcing, and monetizing data. The blockchain ecosystem will democratize high-value, tokenized information, known as next-generation data (NGD)—data that is rich with insights but currently underutilized.
“Every day, each of us generates immense amounts of data about ourselves and our surroundings, and up until now, we haven’t had any way to ..
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