Full-Time
Platform connecting real world with Web3
No salary listed
Entry
Company Does Not Provide H1B Sponsorship
Palo Alto, CA, USA
In Person
MachineFi Lab connects the real world with Web3 by creating a platform that allows for the financialization of machine resources and intelligence, leading to the development of a new machine economy. The platform utilizes blockchain technology and the Internet of Things (IoT) to enable users to own and control their data. Developers can build decentralized applications (dApps) on this platform, which can leverage machine-driven data and resources. MachineFi Lab caters to a diverse clientele, including developers, businesses, and individuals interested in monetizing their data and engaging in the machine economy. The company has successfully raised significant funding, including a $10 million seed round and a $50 million Series A round, to support its growth and development.
Company Size
1-10
Company Stage
Seed
Total Funding
$10M
Headquarters
Los Angeles, California
Founded
2021
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Remote Work Options
Flexible Work Hours
Following the hype fueled by Meta’s (formerly Facebook) pivot last year, the metaverse has been gaining entry into more organizations and steadily moving on an upward trajectory. With COVID-19 accelerating digital transformation, enterprises are now more keen to adopt new technologies, even a nascent one like the metaverse. Having evolved from Neal Stephenson’s initial idea (from his 1992 novel Snow Crash), Web3 and the metaverse today offer several immersive opportunities that brands are keying into. According to Gartner, “enterprises will experiment with the metaverse, connecting, engaging and incentivizing human and machine customers to create new value exchanges, revenue streams and markets.” The metaverse’s market value over the next seven years is likely to be massive, with McKinsey estimating it will reach $5 trillion by 2030
The latest round of funding announcement comes after the company raised $10 million seed round funding led by Samsung Next, Crypto.com, Hashkey Capital and Draper Dragon in June.
MachineFi Lab, which incentivizes the collection of real-world Internet of Things (IoT) device data through decentralized applications ( dapps ), has raised $10 million in a seed funding round led by Samsung Next, Draper Dragon Fund and Jump Crypto.
Samsung NEXT invested in MachineFi Lab because Samsung NEXT think its platform has the potential to unify large-scale machine networks and to provide the infrastructure needed to enable each device to act as an autonomous market participant, providing incentives for consumers to help construct the network.