{"id":59646,"date":"2022-04-05T17:35:41","date_gmt":"2022-04-05T14:35:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59646"},"modified":"2025-09-04T22:59:55","modified_gmt":"2025-09-04T19:59:55","slug":"team-behind-a-decentralised-google-maps-rival-has-raised-18-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/team-behind-a-decentralised-google-maps-rival-has-raised-18-million\/","title":{"rendered":"Team behind a decentralised Google Maps rival has raised $18 million"},"content":{"rendered":"<p>The startup Hivemapper, developing a decentralized mapping service, has raised $18 million in funding. The Series A round was led by Multicoin Capital.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\u00abAt long last, Web3 makes a push to fight Google Maps\u00bb Informative article by <a href=\\\"https:\/\/twitter.com\/refsrc?ref_src=twsrc%5Etfw\\\">@refsrc<\/a> for <a href=\\\"https:\/\/twitter.com\/TechCrunch?ref_src=twsrc%5Etfw\\\">@TechCrunch<\/a> announcing <a href=\\\"https:\/\/twitter.com\/Hivemapper?ref_src=twsrc%5Etfw\\\">@Hivemapper<\/a>\u2018s latest funding round and updates! Read it here: <a href=\\\"https:\/\/t.co\/Lsfuu02E3E\\\">https:\/\/t.co\/Lsfuu02E3E<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Blockchain<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Mapping?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Mapping<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Web3<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Web3News?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Web3News<\/a><\/p>\n<p>\u2014 Hivemapper (@Hivemapper) <a href=\\\"https:\/\/twitter.com\/Hivemapper\/status\/1511329251345121284?ref_src=twsrc%5Etfw\\\">April 5, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The project also received investments from Craft Ventures, Solana Capital, Shine Capital, 75 &#038; Sunny Ventures, Spark Capital, Founder Collective and Homebrew.<\/p>\n<p>Hivemapper plans to launch the mainnet this summer.<\/p>\n<p>The Solana-based app turns dashcam footage into maps in <a href=\\\"https:\/\/ru.wikipedia.org\/wiki\/4K_(%D1%80%D0%B0%D0%B7%D1%80%D0%B5%D1%88%D0%B5%D0%BD%D0%B8%D0%B5)\\\">4K<\/a> format. Participants take pictures of streets, for which they are rewarded with the native token HONEY. Editors process the data obtained through similar incentives, ensuring quality control.<\/p>\n<p>In July, the company will begin shipping the device it has developed with platform support.<\/p>\n<p>Hivemapper aims to compete with Google, Apple and Alibaba in a market they estimate at $300 billion.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u00abMapping is an extremely complex, costly and labor-intensive process. Only the largest and most capitalised technology companies have sufficient resources for this. But even they update imagery no more than twice a year, which leads to logistical, municipal and political problems\u00bb<\/em>, <em>\u2014<\/em> said Arielle Seidman, cofounder and CEO of Hivemapper.<\/p>\n<\/blockquote>\n<p>According to the executive, the real-time dapp could practically transmit an up-to-date representation of the world.<\/p>\n<p>Earlier, in February, Solana Labs <a href=\"https:\/\/forklog.com\/en\/news\/solana-labs-launches-solana-pay-payment-protocol-for-e-commerce\">launched<\/a> the Solana Pay protocol, which enables online merchants to accept cryptocurrency payments directly from consumers.<\/p>\n<p>Earlier, the DeFi protocol Zebec on Solana <a href=\"https:\/\/forklog.com\/en\/news\/solana-based-zebec-defi-protocol-raises-15-million\">raised<\/a> $15 million.<\/p>\n<p> Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 all the news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startup Hivemapper, developing a decentralized mapping service, has raised $18 million in funding. The Series A round was led by Multicoin Capital.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1159,1133],"class_list":["post-59646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-solana-sol","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=59646"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59646\/revisions"}],"predecessor-version":[{"id":59647,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59646\/revisions\/59647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}