Offline protocol raises $1.1 million to build a decentralized offline communications and payment network
Offline protocols enable seamless peer-to-peer communication, offline payments, and local priority applications without relying on centralized servers or traditional networks.
The decentralized infrastructure company offline agreement has completed a $1.1 million preplanting funding round.
It enables seamless peer-to-peer communication, offline payments and local priority applications without relying on centralized servers or traditional networks.
Seed Club venture capital and angel investors Paul Taylor, Rushi Manche, Rahim Noorani and other investors participated in the funding. It is led by Portal Venture Capital.
Offline protocols will use this funding to develop their privacy-resistant censorship network.
Satvik Sethi, former global product leader at MasterCard Web3, is the founder of the two-time acquisition of social impact and consumer social spaces.
Sethi’s vision is to create a connected “alternative WEB” on all devices that do not have access to a stable internet in different situations.
Earlier, the world’s well-known accelerator alliance supported offline protocols and invested $350,000 (about Rs 3 crore) in offline protocols and other companies.
The offline protocol solution allows smartphones to create a local network that can be used by individual consumers, retail and businesses in various geographic locations to conduct transactions and exchanges without the presence of Internet or active telecommunications services.
