Polychain, Outlier Ventures Back Blockchain Startup's Plan for Web 3.0

While the idea of a decentralized internet – commonly referred to as the Web 3.0 – seems attractive to many in the blockchain industry, creating an infrastructure to support it is at least one goal that needs to be completed first.

It’s a challenge that Haja Networks is taking on with a new database protocol and a database network. Both of these open-source products would enable interoperability between different blockchains and allow users to sell or lease their data to businesses while maintaining control over what information is accessible to third-parties, said CEO Samuli Pöyhtäri.

The startup recently completed a funding round lead by Outlier Ventures and featuring Polychain Capital, BigchainDB and Creathor Ventures. Outlier also joined Haja as a strategic partner. The total amount raised was not disclosed.

Lawrence Lundy, Outlier’s head of research, noted that solving interoperability for databases – including blockchains – is key to helping develop the new internet. And the Haja team, composed of former Protocol Labs and IPFS developers, is on its way there with OrbitDB, an open-source database project.