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Lit Protocol
Decentralized access control for Web3
- 1-20 employees
- B2B
- Cryptocurrency
- Blockchain
- Web 3.0
- SoMa, San Francisco, CA
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Company mission
Lit Protocol's mission is to bring more utility to the web through decentralized access control infrastructure.
Our take
Demand for increased digital security on Web3 is growing. Lit Protocol solves this problem by making it easier for users to "lock up" their data.
Lit Protocol allows users to create gated digital spaces that require tokens to enter. Users can earn and trade these tokens like NFTs. The company functions like a web utility, and its solution is already in demand. The company raised over $15 million in 2022 to accelerate its technology, which is testament to its potential.
Lit Protocol's main challenge will be drawing Web3 users to its platform. However, it is well-positioned to do so, provided it can scale its team and its technology at a sufficient pace.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Company laptop and home office equipment stipend
- Company event travel stipends (conferences, etc)
- Autonomy to work on meaningful, impactful, and interesting problems
- Token incentives
- Insurance + allocation for spouse/dependent
- Remote, flexible working schedule to live your decentralized life
- Generous vacation + unlimited sick days
Funding (2 rounds)
Sep 2022
$13m
SERIES A
Jan 2022
$2.2m
SEED
Total funding: $15.2m
This company has top investors
Leadership
David Sneider
(CEO)Was part of Sendbloom's Founding Team and co-founded Deconet + Expand. Is currently Co-Founder of Project Vesta.
Chris Cassano
(CTO)Previously worked as a Software Engineer at FathomAI. Was CTO & Co-Founder of Deconet and Bitcoin Advisor at Satoshi Energy.