EtherMail raised $3 million in its recent seed funding round, led by Fabric Ventures and Greenfield One.
The funding will be used for team expansion and to accelerate solution testing as the company prepares for the release of its encrypted wallet-to-wallet email communication solution.
EtherMail said it is the only tool in the Web 3.0 space allowing web3 companies to send rich, relevant content directly to their asset holders based on blockchain-synced real-time information.
The solution also helps companies to proactively mitigate the risk of communication fraud by preemptively informing users of breaches and vulnerabilities, while also enabling self-updating mailing lists for community newsletter distribution based on up-to-the-minute smart contract data.
Founded by Shant Kevonian and Gerald Heydenreich in late 2021, EtherMail will introduce its native utility token, $EMT early next year.
The token, which will be an ERC-20 token based on the Ethereum network, will be an incentivization mechanism designed to reward email users for their time and attention reading unsolicited emails.
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