Numbers raises $6M from Protocol Labs and Twitch, HTC Vive co-founders
Summary
TAIPEI, OCTOBER 21, 2021 — Numbers Protocol has raised $6 million in funding from a private sale and seed round to continue development on its decentralized photo network for Web 3.0 to make digital media assets traceable and verifiable. Numbers aims to create community, value and trust in the digital media world by leveraging traditional cryptography approaches along with blockchain technology. Kevin Lin, Twitch co-founder, said, “Numbers Protocol’s innovative approach to tackling the decades-long issue of attribution in the content industry is a fundamental shift for creators in the space.” Alongside providing authenticity and traceable records for photos, Numbers Protocol also aims to bring the context of the creator to the digital sphere and nonfungible tokens (NFTs). By increasing the credibility and legitimacy of photos in the network, we are going to reshape the way digital media is viewed in the Web 3.0 space.” The funding comes ahead of Numbers Protocol’s much anticipated Strong Holder Offering (SHO) on DAO Maker, which will take place in November 2021. Its Numbers Protocol redefines the nature of digital visual media as assets, and is the backbone of a suite of tools for registering and retrieving photos and videos in the Numbers network — the Capture app, Seal API and the Trace website — plus the CaptureClub marketplace and a proprietary NFT Search Engine.