Teneo Lands $3M to Challenge Social Media Data Control and Reward Users

Teneo Protocol, a decentralized bodily infrastructure community (DePIN) devoted to democratizing entry to social media knowledge, has raised $3 million in seed funding. The spherical was led by enterprise capital companies RockawayX and Borderless, with additional assist from Generative Ventures and different traders. The funding will allow Teneo to realize its mission of revolutionizing the information economic system by enabling customers to unlock and monetize public social media knowledge. With a really fast-growing worldwide community, already having a number of million members, the corporate is on the verge of rushing up its affect.

Social media platforms create huge quantities of information, that are of unimaginable worth to companies and scientists. But, shopping for and utilizing this knowledge for the event of AI is turning into an increasing number of tough. A number of platforms, together with Reddit, as soon as a essential useful resource for AI coaching, now gather charges from corporations, based on the Wall Street Journal. Such restricted knowledge environments, typically described as “walled gardens,” are hindrances to AI innovation and restrain its revolutionary capabilities throughout sectors.

By leveraging peaq, a layer-1 blockchain designed for the Machine Economic system, it’s opening up social media knowledge entry for each Web3 and Web2 builders via group participation.  With the Teneo Neighborhood Node, a Web3 browser extension, users are able to add to a decentralized data network through the gathering of public posts on sites like X (previously Twitter) and Reddit.

As a reward, users receive Teneo Points, which will subsequently be exchangeable for Teneo Tokens when the network’s native token is launched. This decentralized data-sharing paradigm opens up new possibilities for AI innovation, finance, marketing, and other sectors that depend on real-time social intelligence.

“This seed funding marks a major milestone for Teneo and highlights the strength of our mission-to return data ownership to the people,” said Leroy Hofer, CEO & Co-Founder of Teneo Protocol.

“With the backing of our incredible investors, we are committed to enhancing the Teneo Community Node, making it easier for users to unlock public social media data and receive rewards for their contributions. This is just the beginning, and I’m excited to see what we will build together.”

The Teneo Community Node initiative has already picked up incredible momentum, with over 3.9 million users in 191 countries installing the extension. More than 1.1 million users have also linked their digital wallets to the platform, which highlights the immense level of interest and engagement in its decentralized data economy.

Expressing enthusiasm for the investment, Marek Sandrik, Partner at RockawayX, stated:

“We are thrilled to support Teneo in their vision to give people control over their data. By mobilizing an existing social media user base into a decentralized network, Teneo significantly reduces the costs of accessing social media data, enabling previously unattainable applications in AI, finance, and marketing. We’re eager to see what groundbreaking innovations emerge from this ecosystem.”

Álvaro Gracia, DePIN Partner at Borderless, highlighted the firm’s strategic appeal, stating:

“Our investment in Teneo demonstrates our belief in the intersection of DePIN, the data economy, and scalable decentralized solutions. It has the potential to be a leader in the future of data-driven innovation.”

Lex Sokolin, Partner at Generative Ventures, highlighted the broader impact of Teneo’s mission:

“DePIN represents the next foundational growth sector in Web3. Its approach to unlocking the value of social media data at an unprecedented scale aligns perfectly with the rise of AI and community-driven financial models. We are excited to support the Teneo team and its growing user base as they explore these emerging economic opportunities.”

About Teneo Protocol: 

Teneo Protocol is dedicated to decentralizing data ownership and ensuring individuals are rewarded for the value they contribute. Through its Nodes, the company empowers users to unlock public social media data while maintaining privacy and security. With a global user base exceeding 3.9 million and handling over 15 million daily data transfers, Teneo is reshaping how data is accessed, shared, and valued in the digital economy.

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