{"id":29341,"date":"2022-06-08T15:49:50","date_gmt":"2022-06-08T19:49:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29341"},"modified":"2022-06-08T15:52:57","modified_gmt":"2022-06-08T19:52:57","slug":"delphia-raises-60m-in-series-a-funding-led-by-multicoin-capital","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/delphia-raises-60m-in-series-a-funding-led-by-multicoin-capital\/","title":{"rendered":"Delphia raises $60M in Series A funding led by Multicoin Capital"},"content":{"rendered":"\n
Delphia, an algo-adviser startup has concluded a $60 million funding round as it prepares to launch a new data-focused decentralized autonomous organization<\/a> (DAO).<\/h5>\n\n\n\n
\"Delphia
Delphia raises $60M in Series A funding led by Multicoin Capital<\/figcaption><\/figure>\n\n\n\n

Multicoin Capital, a crypto-focused investment fund, led the Series A round, which also included Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures, and Cumberland.<\/p>\n\n\n\n

The cash will be used by Delphia to develop a new rewards token and extend the ways in which users may contribute data to computational models that will improve investment returns.<\/p>\n\n\n\n

Data DAOs, according to Tushar Jain, co-founder of Multicoin Capital<\/a>, employ user-owned data to benefit all contributors within the business. Delphia will use data provided by users to improve trading algorithms that directly manage their money as an algo-adviser.<\/p>\n\n\n\n

\n

0\/ I'm excited to announce that Multicoin has led a $60M round in @delphia\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> with participation from FTX Ventures, Ribbit Capital, Cumberland, Road Capital, and others.

Delphia is the first instantiation of a new type of organization uniquely enabled by Web3: a DataDAO.<\/p>— Tushar Jain (@TusharJain_) June 8, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

“Data contributors are rarely rewarded for their contributions [\u2026] because they don't have a right to the value created by aggregate data, nor do they have the authority to control how their data is used,” Jain explained. “This leads to a massive leap of faith in the aggregator\u2014which, unfortunately, has been violated many times.” <\/p>\n\n\n\n

“Data DAOs alleviate this imbalance by giving data contributors clear economic upside in the aggregate data<\/use><\/svg><\/span><\/a> as well as the capacity to regulate it,” according to the authors.<\/p>\n\n\n\n

Long-only actively managed strategies are available on Delphia's investment platform. Users can start with a $10 investment and obtain access to a diversified portfolio of unique stocks.<\/p>\n\n\n\n

DAOs have grown up in a variety of methods to provide people with community access without the need for hierarchical control. National governments have taken notice of DAO structures as a way to stimulate project <\/a>formation and development within their own boundaries.<\/p>\n\n\n\n

DAOs, according to proponents, encourage the long-term viability of crypto initiatives by giving consumers a direct stake in their growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

Delphia, an algo-adviser startup has concluded a $60 million funding round as it prepares to launch a new data-focused decentralized autonomous organization (DAO). Multicoin Capital, a crypto-focused investment fund, led the Series A round, which also included Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures, and Cumberland. The cash will be used […]<\/p>\n","protected":false},"author":12,"featured_media":29347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[10445,4310],"class_list":["post-29341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-delphia","tag-multicoin-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-66.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29341"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29347"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}