EtherMail, the first Web 3.0 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication, has announced $3 million raised in their 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 gears up for the Q3 release of its encrypted wallet-to-wallet email communication solution, which has already received thousands of pre-registrations.
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Founded by serial entrepreneurs Shant Kevonian and Gerald Heydenreich in late 2021, EtherMail 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.
EtherMail will be introducing its native utility token, $EMT early next year. $EMT will be an ERC-20 token based on the Ethereum network. This token will be a first-of-its-kind incentivization mechanism designed to reward email users for their time and attention reading unsolicited emails, creating a much-needed framework for email economics. It is estimated that 320 billion emails are sent worldwide daily – a figure that continues to grow annually.
In addition to rewarding users, EtherMail is also focused on data privacy with end-to-end encryption which is one of the most pressing issues in today’s society. The EtherMail team views the Web 3.0 era as an opportunity to re-calibrate the email inbox power equation to be completely privacy-centric. Gartner has forecast that 60% of large organizations will use one or more privacy-enhancing computation techniques by 2025.
Shant Kevonian, CEO and Co-founder of EtherMail said: “This seed round represents a strong seal of approval for the unique EtherMail value proposition, and will help us showcase our distinct solution – which can be used by any user and any mail client – to a wide range of companies within the burgeoning blockchain space. We are providing a robust communication bridge from Web 2.0 to Web 3.0, and have already attracted interest from top platforms who want to explore partnership synergies. Watch this space.”
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