In a major boost for the decentralized identities, we are glad to announce the successful completion of the $10 million strategic round, led by renowned venture capital firm Polychain Capital and dao5 with the participation from other institutions and industry leaders.

With the support of Polychain Capital and other investors, SPACE ID will be able to accelerate the development of its universal name service and more products. The company will also expand the team and absorb more resources. This will enable SPACE ID to bring its products to market faster and more efficiently, and to continue pushing the boundaries of what is possible in the Web3 space.