DataDance is raising millions to disrupt the world of decentralized data with the support of Hash Global.
DataDance, a Layer 2 blockchain network focused on revolutionizing consumer data asset services, has secured a multimillion-dollar seed funding round led by blockchain giant Hash Global. This financing represents a significant advancement for DataDance, positioning the company as a key player in the rapidly evolving decentralized data asset ecosystem and highlighting the growing demand for innovative solutions in blockchain-based data management.
DataDance is dedicated to developing blockchain-based tools for managing, analyzing, trading and collecting data. By integrating Web2 resources with advanced AI capabilities, the platform aims to provide companies and individual users with secure and efficient ways to manage their data assets.
With its DataDance Key Derivation Protocol, the platform ensures multi-layered data protection and supports EVM-compatible smart contracts, giving users full control over their data while enabling asset claims, rights management and secure data exchange.
Geoffrey Tong, CEO of DataDance, highlighted the platform’s ability to decentralize data transactions, addressing the challenges posed by the monopolization of data by large Internet companies. He pointed out that this centralization has led to unsustainably high transport costs worldwide. DataDance aims to change this dynamic by proposing a model that combines decentralized and centralized approaches, driving innovation and reducing inefficiencies in Web3 business processes.