tl;dr
Icebreaker, a web3 startup, has raised $5 million in a seed funding round to develop an open-source platform for professional connections. Co-founded by former employees of Coinbase and Google, the platform aims to provide an on-chain alternative to LinkedIn, allowing users to create an open graph i...
Icebreaker, a web3 startup, has secured $5 million in seed funding to develop an open-source platform for professional connections. The company, led by former employees of Coinbase and Google, aims to provide an on-chain alternative to LinkedIn, allowing users to create an open graph identity and verify credentials within their network.
The funding round was led by CoinFund, with participation from Anagram, Accomplice, and Legion Capital, among others. The co-founders' backgrounds have drawn attention within the community, reflecting the growing interest in web3 initiatives. With a valuation of $21 million, Icebreaker seeks to rival LinkedIn by offering an on-chain solution to professional networking, embracing the principles of web3.
Co-founders Dan Stone and Jack Dille emphasize the importance of a decentralized digital identity, highlighting the limitations of platforms like LinkedIn and the potential for web3 to revolutionize professional networking. Alex Felix, CEO of CoinFund, expressed excitement about the platform, underscoring the significance of former Coinbase and Google employees creating a professional digital identity platform.
The involvement of ex-Coinbase and Google staff has piqued the interest of the community, coinciding with the surge in VC and institutional interest in web3 amid increased adoption. This trend has also contributed to the rise of spot crypto ETFs in the United States and subsequent all-time highs for asset prices.