🤝 Handshake project revealed at $136 million valuation

Handshake made its reveal and has raised $10.2 million to try to replace the digital entities that today authenticate web payments. In that process, it plans to reward those who built the essential infrastructure for the internet. The project is spearheaded by Joseph Poon, Andrew Lee, and Christopher Jeffrey, and is backed by the likes of a16z crypto, Founders Fund, Polychain Capital, and Draper Associates. The investors combined to purchase 7.5% of the protocol at a $136 million valuation. Most notably, the project will not have an entity behind it and all the investment will go into the protocol.