DataDance Secures Multi-Million-Dollar Funding to Revolutionize Decentralized Data Services

DataDance, a layer-2 blockchain network focused on transforming consumer data asset services, has successfully secured a multi-million-dollar seed funding round led by blockchain giant Hash Global. This investment marks a significant milestone for DataDance, positioning it as a key player in the rapidly evolving decentralized data asset ecosystem.

DataDance is dedicated to creating blockchain-powered tools for managing, analyzing, trading, and collecting data. By integrating Web2 resources with advanced AI capabilities, the platform aims to provide businesses and individual users with secure and efficient ways to manage their data assets.

Key Features of the DataDance Platform

DataDance’s DataDance Key Derivation Protocol ensures multi-layered privacy and supports EVM-compatible smart contracts, giving users full control over their data while enabling:

  • Asset claims
  • Rights management
  • Secure data exchanges

“DataDance seeks to decentralize data transactions, addressing the challenges posed by the monopolization of data by large internet companies. This centralization has led to unsustainably high traffic costs worldwide.” – Geoffrey Tong, CEO of DataDance

The investment from Hash Global provides DataDance with the resources needed to accelerate its mission of decentralizing data transactions and integrating blockchain technology into everyday consumer interactions.

Hash Global’s Commitment to Web3 Innovation

Hash Global, with over $200 million in assets under management and investments in more than 70 projects globally, is well-known for its commitment to Web3 innovation. The firm’s subsidiary, HG Labs, has incubated several cutting-edge Web3 technologies, demonstrating its support for early-stage projects that bridge Web2 and Web3 ecosystems.

The partnership between DataDance and Hash Global signifies a shared vision of transforming data management and usage through blockchain technology. With combined resources and expertise, both companies are poised to lead the way in decentralized data ownership and interaction.

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