Hong Kong-based Web3 startup, Terminal 3, has successfully concluded an oversubscribed pre-seed funding round to develop user data infrastructure for a decentralized future. The company’s impressive investor group includes renowned names like 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, and Mozaik Capital. Terminal 3’s primary objective is to replace centralized data storage systems that compromise user privacy and burden enterprises with compliance and security challenges, along with their associated costs.
Terminal 3 Secures Pre-Seed Funding to Empower Decentralized User Data Infrastructure
By leveraging decentralized storage and zero-knowledge proofs, Terminal 3 aims to empower a more equitable Web3 environment, where user data can be freely composed while remaining completely private and secure. The co-founders of Terminal 3, Gary Liu, Malcolm Ong (CPO), and Joey Liu (COO), bring extensive experience as former entrepreneurs and business leaders who have played significant roles in building, scaling, and transforming some of the world’s leading technology companies.
Terminal 3 is a compelling alternative to the non-compliant and unsecured data infrastructure that enterprises rely on today.Data regulations and security laws are becoming more stringent around the world, and companies are finally realizing that self-sovereign data is a great solution for both users and enterprises. We are excited to be involved in this important project.
Shawn Cheng, Partner at Consensys Mesh
Gary, who previously served as the CEO of the South China Morning Post, also co-founded Artifact Labs, a Web3 startup supported by Blue Pool Capital and Animoca Brands that focuses on preserving historical assets on the blockchain. Malcolm adds to the team’s expertise as the Co-founder and CTO of Skillshare, the world’s largest online learning community for creativity. Together, the co-founders share a successful track record, having previously worked together on the South China Morning Post’s successful digital transformation.
I believe Gary, Malcolm, and Joey are perfectly suited to address data privacy problems that plague the internet. Their mix of consumer startup success and expertise in enterprise technology could help bridge a critical gap between the old world of centralized data and the new world of decentralized identity.
Vishal Harnal, Managing Partner at 500 Global
About Terminal 3
Terminal 3 is a Hong Kong-based Web3 startup building user data infrastructure for a decentralized future. The company’s solutions are an alternative to centralized data storage that deprives users of privacy and saddles enterprises with compliance and security concerns. Terminal 3 leverages decentralized storage and zero-knowledge proofs to empower an equitable Web3 where user data is freely composable while remaining fully private and secure. The company’s founders are successful corporate executives and entrepreneurs, who have built, scaled, and transformed some of the world’s most influential companies.
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