Tea
The base of the developer stack—seated beneath the tools that build the Internet.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
* | $8.9m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Tea.xyz is an innovative startup operating at the intersection of open source software (OSS) and blockchain technology. The company has developed a unique platform that rewards developers for their contributions to OSS using a decentralized protocol known as the Tea Protocol. This protocol issues TEA tokens, a type of digital currency, to incentivize and reward developers, maintainers, and supporters of OSS projects.
Tea.xyz primarily serves developers and contributors within the OSS community, as well as enthusiasts and investors in the blockchain and web3 space. The market it operates in is a niche but rapidly growing segment that combines elements of software development, decentralized finance (DeFi), and community governance.
The business model of Tea.xyz revolves around the distribution and management of TEA tokens. These tokens are allocated to various stakeholders, including core contributors, package maintainers, and users who add value to the network. The company generates revenue through the appreciation and transaction of these tokens, as well as through potential partnerships and integrations with other blockchain and OSS projects.
The Tea Protocol also features a governance system managed by a Decentralized Autonomous Organization (DAO). This allows token holders to vote on important decisions, ensuring that the community has a say in the protocol's evolution and sustainability. Additionally, the platform includes a feature called Proof of Contribution, which verifies and ranks OSS contributions to ensure that rewards are distributed fairly.
In summary, Tea.xyz is leveraging blockchain technology to create a sustainable and rewarding ecosystem for OSS contributors. By aligning incentives with the growth and maintenance of open source projects, the company aims to foster innovation and collaboration within the software development community.
Keywords: Open Source Software, Blockchain, TEA Tokens, Decentralized Protocol, Web3, DAO, Proof of Contribution, Developer Rewards, Community Governance, DeFi.