August 2, 2023 – Hong Kong, Hong Kong
Terminal Three, a Hong Kong-based Web 3.0 startup, has successfully raised an oversubscribed pre-seed round to build user data infrastructure for a decentralized future.
The company announced today a world-class investor group comprising 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, Mozaik Capital and others.
The company aims to replace centralized data storage that deprives users of privacy and saddles enterprises with compliance and security issues and their associated costs.
Terminal Three leverages decentralized storage and zero-knowledge proofs to empower an equitable Web 3.0, where user data is freely composable while remaining fully private and secure.
Gary Liu, CEO of Terminal Three, said,
“The continued growth in blockchain allows us to reimagine digital data ownership and security. We believe that data should flow freely between applications to drive innovation and improve user experience but not at the expense of personal privacy and control.”
Terminal Three was co-founded by Gary Liu alongside his partners Malcolm Ong (CPO) and Joey Liu (COO).
All three were former entrepreneurs and business leaders who have built, scaled and transformed some of the world’s leading technology companies.
The co-founders previously worked together at the South China Morning Post, where they led the historic newspaper’s successful digital transformation.
Gary was the Post’s CEO, while Malcolm and Joey were SVP of product and head of strategy, respectively.
Malcolm was also the co-founder and CTO of Skillshare, the world’s largest online learning community for creativity, while Gary and Joey co-founded Artifact Labs, a Web 3.0 startup backed by Blue Pool Capital and Animoca Brands that is preserving historical assets on the blockchain.
Gary is also the founding chair of Web 3.0 Harbour, an association in Hong Kong serving Web 3.0 builders, investors, users and leaders.
Vishal Harnal, managing partner at 500 Global, said,
“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.”
Growing need for alternative data infrastructure
Over the past five years, new regulations on data…
Click Here to Read the Full Original Article at The Daily Hodl…
