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Tech startup Myraah secures $350,000 for Web3 platform.

Myraah, an Indian technology start-up, has raised $350,000 to build its Web3 platform. Pre-seed funds were raised in a round led by angel investor firm Xceedance Venture Partners.

Myraah is a technology startup that uses Artificial Intelligence (AI) to help SMEs, MSMEs, small businesses, and professional practitioners create a digital identity in multiple Indian languages.

The startup said the funds will be used to build their Web 3 platform, which will enable users to create their Web 3 digital identity and manage their digital assets such as files, pictures, music, videos, notes, documents, NFTs, domains, and websites.

Arun Balakrishnan, CEO and co-founder of Gurgaon-based angel investor Xcelerator Venture Partners, and other angel investors participated in the round, the firm said.

Web3 refers to the next step in the evolution of the internet. It is serverless, open, and built around users’ privacy and ownership.

Arun Balakrishnan said of his investment in Myraah, “I have always been interested in startups that work with transformative technology.”. I believe Myraah’s Web3 platform has the potential to alter the internet space in India by giving users control over their content.”

Gaurav Kumar, co-founder, and CEO of Myraah said, “We thank our investors for showing confidence in our platform. The advent of Web3 will usher a new era for over six hundred million internet users in India and we hope to onboard 500K early adopters in the first year.”

According to the release, Myraah will also offer a Web 3.0 Locker that will offer users private and secure storage for their files, pictures, videos, and NFTs, along with a Web 3.0 Website Builder, which will make it easy for anyone to build a Web 3.0 website without needing any programming knowledge.

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