Dirt Protocol, a Mountain View, California-based protocol for decentralized information gathering, raised $3M in seed funding.
Digital Currency Group
DHVC (Dan Hua)
Katie Jacobs Stanton
The company intends to use the funds to build the team and continue to develop the protocol.
Led by Yin Wu, Founder, Dirt is a protocol for decentralized information gathering that creates a set of rules for writing and validating information using token staking to incentivize honesty. Anyone can contribute information. It introduces assurance of accuracy because every contributor needs to stake tokens with their data. If the data is correct, it is shared freely. If the data is false, a moderator in the network can challenge the entry and earn tokens if they are successful.
Yin Wu is a serial entrepreneur who sold her last previous company to Microsoft in 2013. Her company Echo Lockscreen became the Microsoft Launcher and Lockscreen on Android. She was one of the youngest principal engineers at Microsoft and worked on products that applied machine learning to mobile products. Prior to Microsoft, Yin studied computer science at Stanford and is a Y Combinator Alumnus.