W3 Storage Lab Raised $3M in Pre-seed Co-led by Draper Dragon and OKX Blockdream Ventures

Web3 decentralized application company W3 Storage Lab announced that it has closed a $3m pre-seed funding round co-led by Draper Dragon and OKX Blockdream Ventures, with participation from Lingfeng Capital and others. The fund will be used to grow its global team and fund operations. W3 Storage Lab aims to provide an effective and efficient decentralized storage system. It has co-developed a next generation distributed storage ecosystem that is based on the public blockchain and cyfs://. W3 Storage Lab has also worked with the DMC Foundation to develop the Datamall Coin ecology, which is a cryptocurrency designed to accurately reflect the true value of decentralized storage. In addition, W3 Storage Lab is developing a series of applications for both consumers and enterprises that will make heavy use of decentralized storage.