Yoz Labs Raises $3.5M to Build Web3 Notification System
Led by early-stage venture firm Electric Capital, the funding round included several well-known Web3 investors and angels.
Yoz Labs, a Web3 notification platform, has raised $3.5 million to further its aim to make scalable messaging rails that would enable developers to send immediate on-chain notifications directly to users.
Led by early-stage venture firm Electric Capital, the funding round included several Web3 investors and angels such as Collab+Currency, Coinbase Ventures, Dapper Labs, Form Capital, North Island, Mike Krieger and Naval Ravikant.
Yoz Labs describes itself as a Web3 platform designed to simplify user notification by offering a “low-to-no code interface” that only requires a smart contract to get started, according to the firm’s announcement.
Last month domain provider Unstoppable Domains rolled out its messaging service with Polygon, and Ethereum development shop ConsenSys in February acquired Hal, a blockchain notification platform.
“Notifications have been such a powerful tool in building best-in-class applications,” said Yoz Labs founder Will Liu. “As crypto gains more traction, you can argue that notifications are a prerequisite to unlock the next tier of consumer adoption.”
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.