FTX, Coinbase, Huobi and Protocol Labs backed the startup keeping an eye on crypto sentiment, a measure that can be profitable or costly.

A group of web3 companies including cryptocurrency exchanges FTX, Coinbase, Huobi and web3 development platform Protocol Labs have backed a $2m seed round for Coinfeeds, a US-based company tracking crypto sentiment on social media. For a commodity whose value is as dependent on consumer sentiment as cryptocurrency, keeping track of what people are saying is…

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