We’re really grateful and comfortable to get superior web3 leaders to be enthusiastic about us and help us for the constructing the world’s first decentralized notification protocol!
MUMBAI, India (PRWEB)
December 08, 2020
Ethereum Push Notification Service (EPNS), a blockchain startup which is constructing the world’s first decentralized notification protocol, has introduced the profitable shut of their seed spherical at a valuation of $5 Million USD.
The spherical noticed backing from notable web3 leaders together with Balaji Srinivasan (Fmr CTO of Coinbase, Common Accomplice at a16z. Cofounder of Earn, Counsyl, Teleport), Kenneth Ng (Ethereum Basis), Scott Moore (Co-founder, Gitcoin), Mariano Conti (Fmr Head of Good Contracts, MakerDAO), Anthony Sassano (EthHub / TheDailyGwei), DeFiDad (COO, Zapper.fi), Ravindra Kumar (Frontier Pockets), Preethi Kasireddy (Fmr Accomplice at a16z), Andrew Chen (Prescient Capital), Rezo & Evgeny Zandman (BR Capital), Luka Sucic, Ben Lakeoff, Auryn Macmillan (Gnosis), Danny Christ (Moonwhale), Ganeshram Gunalan, Thomas Kaseng Ao and Kathik Garg (Bridge Capital LLC).
Common VCs additionally joined the spherical together with TheLao, MetaCartel, Fourth Revolution Capital, BlockRock Capital, LD Capital, ProofSystems and Moonwhale Ventures.
EPNS was beforehand bootstrapped and this was their seed spherical. 15% of tokens by non-public token settlement by a mechanism based mostly on SAFT got out for the upcoming, but to be launched governance token of theirs known as $PUSH.
“Notifications are a fundamental necessity for dApps and good contracts and shouldn’t be an choice for a well-liked good contract, however a communication layer that needs to be accessible to everybody. That is the essential lacking piece of web3 infrastructure that may allow adoption. Innovation drives lovers however adoption wants consumer ease and engagement. We’re really grateful and comfortable to have the funding that may go into constructing the world’s first decentralized notification protocol!”
— Harsh Rajat, Founder, Ethereum Push Notification Service
EPNS secured a place as a finalist of the distinguished Gitcoin’s Kernel Fellowship (8 week digital accelerator for blockchain rising stars) and has had a formidable report of achievements together with the highest 30 tasks for IDEO Product Validation Day and EthGlobal HackMoney. It has additionally gained grants from AAVE and Matic Community.
“Whereas blockchain retains on delivering improvements and taking leaps in expertise, it nonetheless is unable to inform a consumer when their mortgage is liquidated, or a NFT is on the market, or a DAO governance proposal is put up, or a gaming public sale occurs and even when your blockchain area expires. Are you foreclosed by your financial institution with out them notifying you… No, however in blockchain, that occurs oh so usually, it’s a factor persons are scared of continually.”
— Richa Joshi, Co-Founder, Ethereum Push Notification Service
The undertaking goals to change into the web3 commonplace for notifications and even awards crypto to customers, who should opt-in to allow receiving notifications from the providers they’re occupied with. It additionally permits splitting the charges generated amongst all crypto wallets/infrastructure that builds on high of it utilizing decentralized governance and claims to have partially solved the monetization concern plaguing the wallets, with out sacrificing the service curiosity or customers centric method of the protocol.
About Harsh Rajat
Harsh Rajat has a Masters in Laptop Science, 11 years entrepreneurial expertise in varied spectrum of tech; together with architecting, growth and design in several tech fields (Cell, Net Companies, SaaS, Blockchain).
About Richa Joshi
Richa Joshi has 12 years of techno-functional expertise in product administration and growth throughout a number of aspects of the product life cycle. She beforehand labored with Deloitte contributing and main groups earlier than foraying into the blockchain house.
About Ethereum Push Notification Service (EPNS)
EPNS is a decentralized notification protocol that allows customers (pockets addresses) to obtain notifications. Utilizing the protocol, any dApp, service or good contract can ship notifications to customers in a platform agnostic vogue (cell, pill, internet, consumer wallets, and many others). The DeFi side of the protocol (Staking from service -> Lending to AAVE -> Curiosity to customers) ensures that the consumer receives notifications and likewise earns from them.
EPNS has been featured in Official Ethereum Weblog, CoinTelegraph, EthHub, Gitcoin Kernel Fellowship, IDEO Product Validation Day, DefiDad, EDCON, 2.5 The Speak Present (ETHBerlin), Ethereum Enterprise Alliance Asia Pacific 2020, YourStory amongst others.
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