MetaMirror
Web3 identity infrastructure for monetizing personal data.
| Date | Investors | Amount | Round |
|---|---|---|---|
$750k | Seed | ||
| Total Funding | 000k | ||
MetaMirror, founded in 2021 and developed by Auth3 Network, is a decentralized platform designed to bridge Web2 data with Web3 applications. The company provides an identity infrastructure that enables users to take ownership of their personal data, aggregate it from various Web2 and Web3 sources, and monetize it securely. MetaMirror operates on the Oasis Network, utilizing its privacy-preserving blockchain technology to ensure user data remains confidential while being processed.
The core of the service is MBuddy, a Web3 identity created from a user's social media and other data. This digital identity functions as a data-backed asset, which users can control and grant temporary computational rights to, allowing them to earn income from their data without exposing it directly. In February 2023, the company launched AI Buddy, an evolution of the concept that uses AI algorithms to analyze a user's data, understand their preferences, and identify online earning opportunities like paid surveys and targeted ads. The platform also features MLaunch, a code-free launchpad that lets creators and artists mint and sell NFTs, leveraging data-backed insights about their community to inform launch strategies. This is combined with the MetaMirror Gallery, a marketplace for trading NFTs and engaging with the community.
The business model centers on enabling a data economy where users, rather than corporations, profit from their personal information. Revenue is generated through platform activities, including NFT marketplace transactions and fees from data-driven projects that utilize the platform's privacy-preserving computation services. MetaMirror primarily serves Web3 users, NFT creators, and projects that require audience insights for marketing and community management. The company received early-stage venture capital funding in March 2023 from investors including Token Metrics Ventures.
Keywords: Web3 identity, data monetization, decentralized identity, NFT marketplace, data privacy, Oasis Network, data-backed NFT, AI Buddy, personal data economy, Auth3 Network, MLaunch, Web2 to Web3 bridge, privacy-preserving computation, digital asset ownership, blockchain data