The DePIN Protocol Teneo Protocol has completed a seed round of financing of 3 million US dollars

The DePIN protocol, Teneo Protocol, has completed a seed round of financing of 3 million US dollars, led by RockawayX and Borderless, with participation from Generative Ventures and others.

Teneo is based on the first layer of the machine economy peaq. It unlocks social media data for Web3 and Web2 builders through the power of the community. The Teneo community node is a Web3 browser extension that allows anyone to contribute to an ever-growing data network by collecting public posts from platforms like X and Reddit.

Teneo Protocol is a DePIN data protocol. By targeting pools of data behind paywalls or currently inaccessible (such as real-time social media insights and machine-generated data from industries such as mobile and energy), Teneo has created a standardized access point. This allows AI companies, exchanges, market makers, builders, ecosystems etc., to use it.