In recent news, Formless, Inc., a company headquartered in Cambridge, Massachusetts, has successfully raised over $2.2 million in pre-seed funding. This boost in financial support will drive the development of the SHARE Protocol, a groundbreaking initiative aimed at revolutionizing property rights management and revenue sharing in the digital realm.
About Formless
Formless is a forward-thinking company based in Cambridge, Massachusetts, with a noble mission – creating virtual and physical experiences that empower individuals to lead more fulfilling lives. The company is at the forefront of innovation, particularly in the development of decentralized network infrastructure for property rights management and revenue sharing.
The SHARE Protocol
At the heart of Formless’s mission lies the SHARE Protocol, a powerful tool enabling developers, creators, and organizations to participate in a shared property ownership network. This innovative protocol harnesses the potential of decentralized digital rights management, offering a pathway for individuals and entities to reap the rewards and network effects associated with revenue sharing in the dynamic landscape of a multiplayer digital economy.
Investors Driving Transformation
The successful funding round saw participation from a consortium of distinguished investors, including a16z Crypto CSS, Beacon web3 accelerator, and notable angel investors such as Sandeep Nailwal (Co-Founder of Polygon Network), Ryan Fang (Co-Founder and COO of Ankr), Dharmesh Shah (Founder and CTO of HubSpot), and Dallas Austin (Grammy-award winning producer and CEO of Dallas Austin Distribution). Their commitment reflects a shared vision of the transformative potential embedded in the SHARE Protocol.
Allocation of Funding
Exceeding the initial target due to overwhelming investor interest, the $2.2 million pre-seed investment will play a pivotal role in Formless’s strategic initiatives. These funds will be directed towards expanding the development team, enhancing the technological infrastructure, and ensuring the delivery of a robust customer experience across the network.
Founder’s Vision
Brandon Thorpe, the Founder & CEO of Formless, expressed gratitude for the trust bestowed upon the company by investors. He emphasized the significance of the funding in accelerating the development of the SHARE Protocol and moving closer to the company’s vision of a multiplayer internet driven by choice, ownership, and participation with purpose.
Conclusion
Formless‘s successful pre-seed funding round marks a significant milestone in the journey toward transforming the digital landscape. With the SHARE Protocol at its core, the company is well-positioned to shape the future of property rights management and revenue sharing, offering a gateway to a more interconnected and rewarding digital economy.
FAQs
What is the SHARE Protocol, and how does it benefit developers and organizations?
The SHARE Protocol is a revolutionary initiative by Formless that enables developers, creators, and organizations to participate in a shared property ownership network. It offers the benefits of decentralized digital rights management, providing a pathway for individuals and entities to enjoy rewards and network effects associated with revenue sharing in a multiplayer digital economy.
Who are the notable investors in Formless’s pre-seed funding round?
The funding round saw participation from distinguished investors, including a16z Crypto CSS, Beacon web3 accelerator, and notable angel investors such as Sandeep Nailwal, Ryan Fang, Dharmesh Shah, and Dallas Austin.
How will Formless utilize the $2.2 million in pre-seed funding?
The funds will be allocated towards expanding the development team, enhancing technological infrastructure, and ensuring a robust customer experience across the network, further advancing the development of the SHARE Protocol.
