Yakoa raises $4.8M to combat intellectual property fraud in Web3
Summary
Were going to see the worlds largest brands and NFT collections leveraging Yakoa to protect their IP across all experiences.NFTs are a leap forward in our relationship with content, allowing creators to take platform-independent ownership of their work. Rug-pulls are commonplace, fraudulent works plague every major platform, and user trust is at an all-time low.Stephen McKeon, Partner at Collab+Currency said: If we hope to onboard the masses to Web3, it is imperative to make Web3 technology more user-friendly. A big part of that mission is creating tools to mitigate fraud and deception, which is exactly what Yakoa is solving.But its not enough to match the standard for trust and safety consumers have come to expect in traditional commerce when Web3 technology provides an opportunity to raise the bar. This fundraise allows Yakoa to do just that by servicing more creators, platforms, and brands.Yakoa started when Andrew Dworschak, Co-Founder and CEO, was studying intellectual property law at Stanford and discovered that his AI research was the missing link to safeguard NFTs. We get to be the first team to tap into these massive datasets, to turn AI research into products, and to set the new standard for intellectual property rights.Its a big mission, but Ive been amazed by the outpouring of excitement and support weve received.