Web3Intelligence Secures $4.5M Funding Pre-Token Rollout

• Web3Intelligence Secures $4.5 Million Funding for Dopamine App Launch
• DOPE Token and its Utility
• Anti-Money Laundering Infrastructure Access
• Aiming for Compliance Standards in Traditional Finance
• Wider Crypto Industry Reaction

Web3Intelligence Secures $4.5 Million Funding for Dopamine App Launch

Web3Intelligence, the creative force behind the Web3 investment app, Dopamine, has successfully raised $4.5 million. This comes ahead of the unveiling of its native token, DOPE. DAO MAKER, Shima Capital, and Gate$5.17 -0.37%.io were part of the private funding round, according to a recent announcement.

DOPE Token and its Utility

DOPE is set to function as a utility token for Dopamine, facilitating a gamified investment experience in the decentralized finance (DeFi) landscape. The token is scheduled to go live on premier centralized and decentralized exchanges in the first quarter.

Anti-Money Laundering Infrastructure Access

Institutions holding DOPE will have the added advantage of access to Web3Intelligence's anti-money laundering (AML) infrastructure. This sophisticated system evaluates the compliance of Web3 wallets and encapsulates the information on-chain in the form of non-fungible tokens (NFTs).

Aiming for Compliance Standards in Traditional Finance

Web3Intelligence is striving to provide institutions with AML information. This will help ensure their clients have the confidence that they are adhering to the same compliance standards expected in traditional finance.

Web3Intelligence's CEO, Karim Chaib, explained, By aggregating and standardizing AML information, we can provide a thorough view of web3 wallets that meets the standards expected of compliance officers, as well as users seeking a comprehensive understanding of their digital asset portfolios.

Wider Crypto Industry Reaction

The crypto industry has cautiously welcomed the agreement on new EU AML rules. This comes as the sector continues to strive for greater transparency and regulatory compliance.

Edited by Jonathan Stoker