Indian technology start-up, Myraah, has raised $350,000 as pre-seed funding led by CEO & Co-founder of Xceedance, entrepreneur and technology enthusiast Arun Balakrishnan; Gurgaon based angel investor Xcelerator Venture Partners, and other angel investors. This fund will help Myraah build a Web 3 platform that allows anyone to create their Web 3 digital identity and manage their digital assets such as files, pictures, music, videos, notes, documents, NFTs, domains, and websites.
Web 3 is a new internet architecture, which is serverless, open, and built around users’ privacy and ownership. Myraah’s Web 3 platform will allow netizens to establish ownership of content they create on the internet as well as monetize them. The company is already engaged with its 70,000+ user base to experience the Web 3 platform. The company plans to onboard five hundred thousand users within this year to subscribe to their Web 3 products and services.
Speaking about his investment in Myraah, entrepreneur and technology enthusiast Arun Balakrishnan said, “I have always taken a keen interest in start-ups working with transformational technology. I believe Myraah’s Web 3 platform has the potential to alter the internet space in India by giving users control over their content.”
Gaurav Kumar, Co-Founder & CEO, Myraah, said, “We thank our investors for showing confidence in our platform. The advent of Web 3 will usher a new era for over six hundred million internet users in India and we hope to onboard 500K early adopters in the first year.”
Currently, Myraah will offer the following Web 3 products and services – Web 3.0 Locker: private and secure storage to store your files, pictures, videos, and NFTs; Web 3.0 Thoughts: a private place to store your ideas, thoughts, or secrets away from bots, AI or humans; Web 3.0 Website Builder: No Code tool enables anyone to create a Web 3 website in just a few clicks, without requiring any IT skills. These products have been developed in-house by Myraah’s team of developers and data scientists.