Posted 3/2/2024, 4:00:55 PM
Taiko Raises $37M for Censorship-Resistant Social Apps Powered by Decentralized Networks
- Taiko raises $37M to build infrastructure for decentralized social apps that resist censorship
- Founder believes decentralized networks help prevent censorship through distributed data and community moderation
- Most Ethereum scaling solutions sacrifice decentralization for scalability, prompting Taiko to build its own layer
- Taiko aims to enable social networks where users fully own their content and data is private and secure
- Scaling and incentivizing quality content on decentralized platforms remains a challenge
