Big Whale Labs is building an open-source protocol to power privacy and security in crypto transactions. The protocol focuses on enabling pseudonymity within Web3 transactions. The company raised $3.8M, according to the article. The publicly visible post on Vancouver Tech Journal contains only a brief headline and short description. Further operational metrics, investor identities, financing instruments, and specific future plans were not provided in the visible content. Additional details appear to be behind the publisher's subscription paywall. Big Whale Labs is developing a web3 social product that lets people build and interact as pseudonymous NFT identities with verified credentials and reputations, built on Ethereum. The company aims to enhance how web3 communities interact on web2 platforms like Discord and Telegram while introducing web3-native mechanisms such as owning fractional identities and one’s social graph. Its mission is to make online social interactions safer, more secure, and more fun. The founding team is led by CEO Jason Kim and CTO Nikita Kolmogorov. Nikita previously scaled a Telegram bot to 20 million users and says his products are used by over 60 million people globally. The startup plans to use new funding to accelerate product development and to launch its first product and toolset.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2022