web3mine builds tooling and an open-access compute network to democratize storage, compute, and liquidity for decentralized networks, initially simplifying and optimizing Filecoin mining. Its two core offerings are hardware monetization—letting hardware owners deploy and monetize assets by completing jobs—and liquid staking, which lets token holders deploy tokens to support networks and collect staking rewards. The company claims thousands of machines are already connected, providing petabytes of storage and completing tens of thousands of computing jobs daily. By combining web3mine technology and capital from stakers, hardware operators can scale efficiently, achieve cost savings, and reduce exposure to cryptocurrency volatility; web3mine passes cost savings to stakers and estimates APYs up to 25%. web3mine emerged from stealth after completing its seed raise and is a graduate of Alliance DAO’s demo day and accelerator.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2023