Web3 digital identity service provider Root Protocol has completed two rounds of seed funding totaling $10 million, with Animoca Brands leading the investment

According to CoinDesk, Web3 digital identity service provider Root Protocol has completed a $10 million two-round seed funding, led by Animoca Brands, with participation from Signum Capital, Ankr Network, CMS Holdings, and angel investors Tekin Salimi and Meltem Demirors. The valuation of Root Protocol has reached $100 million. It is reported that Root Protocol is building a Web3 operating system that will serve as a digital identity aggregator and become a "one-stop service for all decentralized identity-related transactions" to make accessing different Web3 platforms more seamless.