Root Protocol
PrivateLast Round
Seed
Jan 19, 2024
Est. Valuation
$100M
Total Funding Raised
$10M
Company Overview
Root Protocol is a technology company developing a decentralized operating system for Web3. The platform is designed to unify access to Web3 applications by functioning as an intent-centric aggregator for digital identities (DID), virtual accounts, and social graphs. The company's vision is to simplify the user experience across various blockchains and decentralized applications, enabling data and content sovereignty for users. Its core components include the Root Chain (a Layer 2 Rollup), Root OS, and the Omni Protocol, which consolidates functionalities like decentralized exchange and lending. The project, formerly known as NFT3, raised $10 million in seed funding at a $100 million valuation in early 2024, with rounds led by Animoca Brands.
Sector
Crypto & Web3
Verticals
Blockchain Infrastructure, Digital Identity, Layer 2 Solutions, Cross-Chain, DeFi
Business Model
B2B2C
Customer Profile
Usage-Based SaaS, Payment Processing Fee
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Root Protocol Comps
Public and private peers based on sector, stage, and business model.
Root Protocol Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Jan 19, 2024 |
Root Protocol Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Genblock Capital | Seed |
| Animoca Ventures | Seed |
| dao5 | Seed |
| Cypher Capital | Seed |
| Signum Capital | Seed |
| Digital Strategies | Seed |
| Shima Capital | Seed |
Root Protocol Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Root Protocol's valuation, stock price, and market status.
