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    Home»Crypto News»Advantage Programs raises $10 million in spherical co-led by a16z crypto and Blockchain Capital
    Advantage Programs raises  million in spherical co-led by a16z crypto and Blockchain Capital
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    Advantage Programs raises $10 million in spherical co-led by a16z crypto and Blockchain Capital

    By Crypto EditorJanuary 17, 2025No Comments2 Mins Read
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    Advantage Programs raises  million in spherical co-led by a16z crypto and Blockchain Capital

    Advantage Programs, a startup targeted on altering the economics of open-source software program improvement, raised $10 million in a seed funding spherical co-led by Andreessen Horowitz’s crypto fund and Blockchain Capital.

    Advantage is growing an attribution protocol for open-source initiatives — a system that will monitor contributions and reward contributors proportionally to the worth they create.

    In response to its founders, the protocol seeks to create a extra sustainable financial mannequin for open-source initiatives. The core concept is to attribute and reward contributors primarily based on the worth they add to a mission, transferring away from the dependence on volunteer contributions or company backing, which regularly dictates initiatives’ route, the mission famous.

    “Advantage provides wealthy attribution data to software program model management techniques like GitHub. It permits capital sources to route funds to codebases and incentivize builders instantly,” the mission mentioned in a word shared with The Block.

    The founders, together with Ryan Sproule, Sam Ragsdale, and Mason Corridor, have backgrounds in notable tech and crypto environments. Sproule beforehand labored at Blockchain Capital, whereas Corridor and Ragsdale have expertise with Andreessen Horowitz’s funding groups.

    The $10 million seed spherical was introduced with a post-funding valuation of $55.5 million.


    Disclaimer: The Block is an impartial media outlet that delivers information, analysis, and knowledge. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in different firms within the crypto house. Crypto change Bitget is an anchor LP for Foresight Ventures. The Block continues to function independently to ship goal, impactful, and well timed details about the crypto trade. Listed below are our present monetary disclosures.

    © 2024 The Block. All Rights Reserved. This text is offered for informational functions solely. It’s not supplied or meant for use as authorized, tax, funding, monetary, or different recommendation.



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