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Sequoia India Leads $3 Million Round for Token Startup Tackling ‘Fake News’

Venture capital firm Sequoia India has led a $3 million seed round for blockchain startup Band Protocol, which incentivizes reliable content producers with token rewards and staking. Announcing the news on Tuesday, the Thailand-based startup said that other participating investors in the round included Dunamu & Partners (the venture arm of the operator of South Korean crypto exchange Upbit) and early-stage investment firm SeaX. A Sequoia India spokesperson confirmed to CoinDesk that it had led the funding. Founded in 2017, Band Protocol offers a platform that allows users to create token-curated communities, enabling, it says, platform monetization and governance. […]

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