Hash Global fuels DataDance’s vision with multi-million dollar investment

DataDance raises millions with support from Hash Global to shake up the world of decentralized data.

DataDance, a Layer 2 blockchain network focused on revolutionizing consumer data asset services, has secured multi-million dollar capital. financing cycle led by blockchain giant Hash Global. This funding marks a significant step forward for DataDance, positioning it as a key player in the rapidly evolving decentralized data asset ecosystem and highlighting the growing demand for innovative blockchain-based data management solutions.

DataDance is dedicated to creating blockchain-based tools to manage, analyze, exchange and collect data. By integrating Web2 resources with advanced AI capabilities, the platform aims to provide businesses and individual users with secure and efficient ways to manage their data assets.

With its DataDance key derivation protocol, the platform ensures multi-layered privacy and supports EVM-enabled smart contracts, giving users full control over their data while enabling asset claims, rights management and exchanges secure data.

Geoffrey Tong, CEO of DataDance, highlighted the platform’s ability to decentralize data transactions, thereby addressing the challenges posed by the monopolization of data by large Internet companies. He highlighted how this centralization has led to unsustainable traffic costs on a global scale. DataDance seeks to change this dynamic by proposing a model that blends decentralized and centralized approaches, driving innovation and reducing inefficiencies in Web3 business process.

Hash Global’s investment provides DataDance with the resources needed to accelerate its mission of decentralizing data transactions and integrating blockchain technology into everyday consumer interactions.

Hash Global, with over $200 million in assets under management and investments in over 70 projects globally, is well known for its commitment to Web3 innovation. The company’s subsidiary, HG Labs, has incubated several cutting-edge Web3 technologies, demonstrating its support for early-stage projects that bridge the Web2 and Web3 ecosystems.

THE partnership between DataDance and Hash Global signifies a shared vision of transforming data management and use through blockchain technology. With combined resources and expertise, the two companies are poised to lead the way in decentralized data ownership and interaction, making this funding round a pivotal moment for both DataDance and the ecosystem Web3 as a whole.