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Webb Raises $7M in Funding to Continue its Development of the Webb Protocol.

Webb Raises $7M in Funding to Continue its Development of the Webb Protocol.

May 10, 2023

New York City, NY - Webb, a software development company based in the United States, has announced that it has raised $7,000,000 in funding from Polychain Capital, Lemniscap, and Zee Prime Capital. This funding will be used to continue the development of the Webb Protocol, a multi-chain privacy system designed to enable the transfer of assets across blockchain protocols while maintaining financial privacy.

The Webb Protocol is built to be the most decentralized privacy system possible, using a novel economic design to incentivize privacy creation. With this funding, Webb will continue to invest in the research and development of the protocol to ensure it remains at the forefront of privacy technology.

"We are thrilled to have the support of Polychain Capital, Lemniscap, and Zee Prime Capital as we continue to build the Webb Protocol," said Drew S., Founder of Webb. "With this funding, we will be able to accelerate our development efforts and bring the benefits of financial privacy to a wider audience."

The Webb Protocol has the potential to revolutionize the way assets are transferred across blockchain protocols, making financial privacy accessible to everyone. The system has already garnered significant interest from the blockchain community and the funding will allow Webb to continue to build momentum towards its ultimate goal.

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