Massive Raises $11 Million in Seed Funding from Point72 Ventures to Bring a New Business Model to the Internet
Summary
NEW YORK, Nov. 30, 2021 /PRNewswire/ -- Massive, a fully remote startup that provides a new way for users to pay for digital apps and services by sharing a small amount of their computers idle processing power, today announced that it has raised $11 million in seed funding. Angel investors in this round include Ryan Selkis of Messari, Prabhakar Reddy of FalconX, Sriram Krishnan of Kearny Jackson, and Packy McCormick of Not Boring. The SDK runs unnoticeably in the background and only during opportune conditions, includes user tooling to monitor resource consumption, doesnt collect any personally identifiable info, complies with worldwide privacy regulations, and is whitelisted by antivirus vendors. Massive aggregates opted-in processing power, storage, and bandwidth to compensate developers by hosting blockchain infrastructure, mining cryptocurrency and, in the future, performing general computing tasks. Ari Paul, CIO of BlockTower Capital added, "Massive is pioneering a new web 3.0 monetization model for the internet which lets users pay for goods and services with idle computing capacity instead of giving up their personal data.