Fleek Announces $25 Million Series A Raise Led by Polychain
Summary
BROOKLYN, New York--(BUSINESS WIRE)--Fleek, a Web3 developer platform, announced Thursday that it has raised $25 million in Series A funding. Fleeks Series A round was led by Polychain Capital, a premier investor in cryptocurrency protocols and companies leading the global adoption of Web3 technologies. The current Fleek platform was built mainly on leading Web2 infrastructure providers, such as AWS and Cloudflare, which has prevented the realization of fully decentralizing Web3 hosting and content delivery. Scheduled for launch in 2023, Fleek Network will provide true decentralized and censorship-resistant content and application delivery for Web3, while still achieving Web2-like performance.Fleek is providing a critical missing piece to achieving a legitimate decentralized Web3 experience, said Harrison Hines, co-founder and CEO of Fleek. With Fleek Network, we will be empowering developers and organizations with an easy and seamless mechanism for Web3 hosting and content delivery that will help deliver on the promise of creating a truly decentralized internet.Currently, many Web3 projects store and serve data for their sites, dApps, and NFTs on existing cloud platforms such as AWS and Cloudflare, leaving them vulnerable to the top-down, centralized rules of Web2 development, hosting, and content delivery.
Funding
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