Sequoia India has led a $3-million seed financing for Singapore and Thailand-based startup Band Protocol, marking its first blockchain investment in Southeast Asia.
Band Protocol offers a proprietary platform that users – organisations, developers and brands – can utilise to set up a community focused on a specific top and issue personalised tokens to curate data and information within that community. These tokens can be used as an economic incentive to motivate users to actively participate in the community.
