DWF Labs has announced crypto venture funding for Port3 Network, a pioneering Web3 social data portal that is poised to reshape the way user information is acquired and aggregated in the decentralised ecosystem.
We're pleased to share that our investment in Web3 social data portal @Port3Network 🫡
— DWF Labs (@DWFLabs) October 23, 2023
Port3 is a data portal for acquiring and aggregating web3 social data. The company's in-house algorithm refines and standardizes user data, segmenting user profiles according to preference,… pic.twitter.com/p4Ix4NP7ML
Port3 Network is designed to streamline the collection and standardisation of social data from various Web3 platforms. Utilizing an in-house algorithm, Port3 refines user data by segmenting profiles based on preference, value, and authenticity. This method not only enhances data accuracy but also provides valuable insights that are critical for developers and projects seeking to engage with the Web3 community in a more meaningful way.
The recent funding is set to drive the development of BQL, an upcoming social data layer that aims to meet the evolving demands of the Web3 space. With enhanced capabilities, BQL is expected to offer improved data precision and usability, further supporting initiatives that depend on reliable social data insights.
Social data has become an essential asset in the digital age, particularly within decentralised networks. By ensuring that user profiles are accurately segmented and analyzed, Port3 Network helps create a more transparent and user-centric environment. This, in turn, can facilitate better decision-making for projects and contribute to the overall growth of the Web3 ecosystem.
DWF Labs’ investment underscores its commitment to supporting innovative solutions that address emerging challenges in the crypto and blockchain sectors. By backing Port3 Network, DWF Labs is not only endorsing a technology that streamlines social data aggregation but is also contributing to a broader initiative to enhance data infrastructure within the decentralised economy.
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