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Web3 Working Group Raises $2 Million for Crypto Education Aimed at Consumers and Regulators

The Web3 Working Group, a nonprofit dedicated to education around crypto infrastructure, announced today that it’s raised $2 million from blockchain companies Arweave, The Graph, Livepeer, and Akash to fund its official launch.   

As the crypto world reckons with the fallout of FTX, the founders of Web3 Working Group told Fortune that the industry should emphasize building utility—what they describe as the “plumbing of the web”—to remake the internet around decentralized protocols and services.

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