Web3 startup Terminal 3 has completed an $8 million seed round of funding, with participation from Animoca Brands and others.

Golden Finance reports that the Web3 startup Terminal 3 has announced the completion of an $8 million seed round financing, led jointly by Illuminate Financial and CMCC Titan Fund, with participation from Animoca Brands, Progression Fund, IDG Blockchain, Cherubic Ventures, 500 Global, Consensys Mesh, Hard Yaka, and BlackPine. The new funds will be used to build a decentralized identifier and credential data infrastructure, as well as to develop a brand new data privacy and security protocol to be released later this year.