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Tech Veteran-Backed Web3 Social Platform Plai Labs Raises $32M in Seed Round

Web3 social platform builder Plai Labs has raised $32 million in a seed funding round led by crypto investment firm a16z, the company said Thursday.

Plai Labs, led by several former executives of gaming studio Jam City and legacy social platform Myspace, aims to use the funding to grow its team and hire developers to build decentralized social platforms that couple Web3 and artificial intelligence.

Josh Brooks, executive vice president of marketing and operations at Plai Labs, is the former senior vice president of corporate marketing and recruiting at Jam City. He also previously served as vice president of programming and music at Myspace.

The Plai Labs founding team is comprised of Brooks; CEO Chris DeWolfe, who previously co-founded and led Myspace and Jam City; and Chief Technology Officer Aber Whitcomb, who previously served as the chief technology officer at Jam City and Myspace.

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