Alan Howard invests in Polygon-based web3 data startup Navigate (via Yogita_Khatri5)
Navigate has raised $7.6 million in seed funding from Alan Howard, Kraken Ventures and others.advertisement
Navigate closed its round in the first quarter of this year, said Center. She acknowledged that the market environment has now become challenging for raising funds, but investor capital remains available"for great ideas and good teams."Navigate's business idea is to let users share data on its platform and, in return, offer crypto rewards in its NVG8 token.
Navigate said its first application will be Navigate Maps — a map of major cities. Unlike traditional satellite-based map offerings, Navigate claims that Maps will be a community-owned app that is constantly updated using data uploaded by users.
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