Big Whale Labs Raises $ 655,000 in Pre-Seed Funding Led by Slow Ventures
Vancouver, British Columbia – (COMMERCIAL THREAD) – Big Whale Labs, a web 3 social startup, today announced it has raised $ 655,000 in pre-seed funding led by Slow Ventures with participation from Samsung Next, Intonation Ventures, NFT Investments PLC and angel investors including Anton Bukov and Sergej Kunz, co-founders of 1inch Network; Alex Shin, Co-Founder of Hashed, Korea’s Largest Crypto VC; and more.
Big Whale Labs uses Web 3 technologies to reinvent what could be digital identity, social graph and network. Their first product allows people to create and interact as pseudonymous NFT identities, but with credentials and verified reputations attached to those NFTs. Their tool will be built on the Ethereum blockchain.
“Big Whale Labs’ mission is to improve human-to-human connection online to make social media safer, fun, secure and free,” said co-founder and CEO Jason Kim. “Our goal with Big Whale Labs is both to improve the way Web 3 communities interact on Web 2 platforms such as Discord and Telegram and also to introduce new fully native web 3 mechanics such as possession fractional identities, your social graph and pseudonym but verified. credits. ”
Big Whale Labs co-founder and CTO Nikita Kolmogorov recently left his Telegram Bot for 1inch Networks after expanding it to 20 million users, which was the largest Telegram Bot transaction to date. The couple were former classmates who worked together on iOS apps almost ten years ago and came together to create Big Whale Labs.
“I know Nikita as one of the most focused serial entrepreneurs with a proven track record and understanding of how to achieve the toughest goals,” said Anton Bukov, co-founder of 1inch Network, “Social Media are the area that has yet to be disrupted by decentralized technologies, while Nikita and Jason are fully equipped to accomplish this endeavor. And I am happy to be a part of the coming revolution! ”
“Currently, my products are used by more than 60 million people around the world,” said technical director Nikita Kolmogorov.
The company plans to use the new funding to accelerate product development as it prepares to launch its first product and tools.