![](https://e27.co/wp-content/uploads/2023/07/Terminal_3_funding.png)
Terminal 3 Co-Founder and CEO Gary Liu
Terminal 3, a Hong Kong-based Web3 startup, has raised undisclosed pre-seed funding.
The traders embody 500 International, CMCC International, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Exhausting Yaka, Bored Room Ventures, and Mozaik Capital.
Terminal 3 was based by Gary Liu alongside his companions Malcolm Ong (CPO) and Joey Liu (COO).
Terminal 3 goals to switch centralised information storage that deprives customers of privateness and saddles enterprises with compliance and safety points and related prices. It leverages decentralised storage and zero-knowledge proofs to empower an equitable Web3, the place consumer information is freely composable whereas remaining totally personal and safe.
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“The continued development in blockchain permits us to reimagine digital information possession and safety,” stated Gary Liu, CEO of Terminal 3. “We consider that information ought to circulate freely between purposes to drive innovation and enhance consumer expertise, however not on the expense of non-public privateness and management.”
The three co-founders beforehand labored collectively on the South China Morning Publish, the place they led the newspaper’s digital transformation. Gary was the Publish’s CEO, whereas Malcolm and Joey had been SVP of Product and Head of Technique, respectively.
Ong was additionally the co-founder and CTO of Skillshare, an internet studying neighborhood for creativity, whereas Gary and Joey co-founded Artifact Labs, a Web3 startup backed by Blue Pool Capital and Animoca Manufacturers. Gary can also be the Founding Chair of Web3 Harbour, an affiliation in Hong Kong serving Web3 builders, traders, customers, and leaders.
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