Swiss-based wealth-building platform Web3Intelligence announces it has raised $4.5 million in a private funding round, in anticipation of the launch of the $DOPE token.
Web3Intelligence, a digital assets platform leveraging the combined power of digital assets, Big Data and artificial intelligence (AI) to help institutions and retailers build wealth in the decentralized finance (DeFi) world, has announced it has completed a $4.5 million private round. In an announcement this Thursday, Web3Intelligence stated the capital will be used to expand development on its platform, as it awaits the launch of $DOPE, the native token of its investment super app, Dopamine.
“Our super app is a game-changer, offering an entirely chain-agnostic approach to wealth-building and world-beating AML,” said Karim Chaib, CEO of Web3Intelligence, on the completion of the private investment round.
The private investment round welcomed participation from DAO Maker, Shima Capital, and Gate.io among other investors.
“Web3Intelligence has the team and tools to become a significant ecosystem enhancer,” said Christoph Zaknun, CEO & Founder of DAO Maker, who participated in the funding round. “Their approach to integrating AML standards into the DeFi space while offering meaningful benefits to token holders is truly innovative.”
$DOPE will serve as a utility token across the Dopamine app, allowing users to unlock access to functionalities and premium features within the investment app. Institutional holders of $DOPE will also gain access to Web3Intelligence’s full tech stack and source code that they can employ in their infrastructure.
In addition, holders will also access Web3Intelligence’s advanced anti-money laundering (AML) compliance tools, available via Dopamine. This caters to those who seek full regulatory compliance within the DeFi space. Web 3 projects holding $DOPE will also benefit via its AML scoring, which enables projects to verify wallet interactions within their protocols or decentralized applications (dApps). The scoring is encapsulated on-chain and imprinted on a non-fungible token (NFT).
“Because we aggregate and standardize AML information, we can provide a comprehensive view of web3 wallets that meets the standards expected of compliance officers, as well as users seeking a holistic understanding of their digital asset portfolios,” Chaib added.
The native token is expected to publicly launch across several centralized and decentralized exchanges in Q1 2024.
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