TechFlow news — WEB3.0 data sovereignty project Swash has announced the completion of a $7 million private placement round. Previously, Swash raised $4 million in a funding round led by Outlier Ventures, Streamr, and KuCoin, which was later oversubscribed by an additional $3 million. Additionally, Swash plans to conduct its IDO on October 29, with whitelist applications opening on October 11.
Reportedly, Swash is a blockchain startup that aims to build a user data trading platform, advance data monetization via browser extensions, and establish a "Data Union Market" protocol. Swash intends to create a data marketplace where users collect their usage data through browser extensions. The platform will aggregate this data and sell it to buyers, including advertising companies, with a portion of the revenue distributed back to the data owners.
