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KuCoin Labs Backs Web3 Social Data Portal Port3’s $3 Million Round

Web3 social data portal Port3 has raised $3 million in a seed round led by KuCoin Labs. 

Other investors in the round include SNZ, Cogitent and Momentum6, the company said in a release. 

Founded in 2022, Port3 is a data portal for acquiring and aggregating web3 social data. Co-founders Anthony Deng and Max Du refer to SoQuest as Port3's "killer app" as it enables projects to bootstrap traffic by incentivizing users to share their data through quests and rewards.

The fundraise closed last year and used an equity plus token warrant structure, Du said.

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