# Root Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/root-protocol

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.nft3.com
- Total disclosed funding: $10M
- Latest round: Seed (Jan 19, 2024)
- Investors on record: 16

## About

Based in ON, CA, NFT3 is the First Unified Decentralized Identity (UDI) and Credit Network for Web 3.0. NFTs, which is integrated with all Web3 application layers and a pathway toward enabling personal monetization in the emerging Metaverse. The company was founded by Dylan Dewdney, an NFT enthusiastic since 2011. In January 2022, NFT3 raised USD 7.5 million in seed funding led by new investor Animoca Brands, , with participation from other new investors LD Capital, Prometheus Labs Ventures, DFG Group, LVT Capital, Shima Capital, Digital Strategies, ZMT Capital, Tenzor Capital, Double Peak Group, CMS Holdings, GenBlock Capital, Ankr Network and Ellipti. Dylan Dewdney will remain as CEO of NFT3.

The company operates as a Unified Decentralized Identity and Credit Network for web3 and metaverse.

## Funding rounds

- Seed, Jan 19, 2024, $2.5M — Signum Capital, Ankr Inc., CMS Holdings, LLC, Animoca Brands
- Seed, Jan 31, 2022, $7.5M — Prometheus Laboratories, Inc., Animoca Brands Corporation Limited, LD Capital, ZMT Capital, Ankr Inc., CMS Holdings, LLC, Digital Strategies, LVT Capital, Shima Capital, Double Peak Group, Genblock Capital, Ellipti, Tenzor Capital, DFG Group

## Investors

- Prometheus Laboratories, Inc. — Seed
- Animoca Brands Corporation Limited — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- ZMT Capital — Seed
- Ankr Inc. — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- Digital Strategies — Seed
- LVT Capital (https://capitalatlas.ai/funds/lvt-capital) — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- Double Peak Group — Seed
- Genblock Capital (https://capitalatlas.ai/funds/genblock-capital) — Seed
- Ellipti (https://capitalatlas.ai/funds/ellipti) — Seed
- Tenzor Capital (https://capitalatlas.ai/funds/tenzor-capital) — Seed
- DFG Group — Seed
- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Seed
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Seed