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 important. With its fresh capital, Coinfeeds launched an app that allows users to monitor social media platforms popular in the web3 space – including Twitter,…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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