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NFX And Galaxy Lead $12 Million Funding For Decentralized Code Repository Radicle
Summary: Radicle, the decentralized code repository, today announced the completion of a $12 million funding round led by NFX And Galaxy, the round also saw participation from Placeholder, Electric Capital, ParaFi Capital, and other VCs. Radicle, GitHub's decentralized alternative, has integrated its peer-to-peer network with Ethereum and launched the governance token RAD. Radicle aims to connect code collaboration with DAO ...
Radicle, the decentralized code repository, today announced the completion of a $12 million funding round led by NFX And Galaxy, the round also saw participation from Placeholder, Electric Capital, ParaFi Capital, and other VCs.
Radicle, GitHub's decentralized alternative, has integrated its peer-to-peer network with Ethereum and launched the governance token RAD.
Radicle aims to connect code collaboration with DAO and build this new financial infrastructure on Ethereum, according to Eleftherios Diakomichalis, the co-founder of Radicle's development team Monadic.
Diakomichalis explained that the growth of Web 3.0 developer team does not match with centralized platforms such as Microsoft’s GitHub, through decentralized autonomous organizations (DAOs), the management of code repositories can better meet the needs of the community demand.
By Mary Liu
Tags: electric capital,Ethereum,Fund,Galaxy,NFX,ParaFi Capital,Placeholder,Radicle
Link: NFX And Galaxy Lead $12 Million Funding For Decentralized Code Repository Radicle [Copy]
