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Privasea, a DePin Infrastructure for AI, receives Pre-series A funding from Oasis Labs


A DePin Infrastructure for AI

September 23, 2024


Oasis Labs has invested in Privasea to address data privacy challenges within artificial intelligence. This move highlights Oasis Labs’ dedication to backing projects that utilize AI technologies to advance blockchain innovation.


Project

Latest Raise Date

Stage

Lead Investor

Category

Privasea

September 23, 2024

Pre-Series A

Oasis Labs

DePin

About Privasea

Privasea is a platform designed to verify human identity and protect digital presence from bots and AI impersonations. Using their ImHuman app, users can validate their human likeness through facial biometrics, which are then encrypted and transformed into a unique NFT. This NFT serves as proof of human identity without compromising personal data. The process ensures that original biometric data remains confidential, even from Privasea itself. This technology allows users to securely access services and rewards on both Web3 and Web2 platforms by confirming their authenticity as real people.


 

About Investor

Investor: Oasis Labs

Oasis Labs is one of the leading Web3 labs deeply involved in research, development and investment in the crypto world.


Location: Hong Kong

 

 

 

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

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