The DePIN protocol Teneo Protocol has completed a $3 million seed round financing, led by RockawayX and Borderless

ChainCatcher news, the DePIN protocol Teneo Protocol has completed a $3 million seed round financing, led by RockawayX and Borderless, with participation from Generative Ventures and others.

Teneo is built on the first layer of the machine economy, peaq, unlocking 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 the growing data network by collecting public posts from platforms like X and Reddit.

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