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Join top Web3 founders in the Electric Capital portfolio
Spacemesh
Spacemesh

Over the past few years, it’s been impossible not to notice that crypto has been on the rise. And yet, the people benefitting from crypto are overwhelming those who are already doing pretty well for themselves. What’s more: the most recognizable cryptocurrency is consuming massive amounts of energy at a time when we’re in the grips of a climate crisis. At Spacemesh, our mission is to build a layer-one crypto protocol with a resource that many ordinary people already have: unused computer storage space. Our protocol is also race-free, meaning that everybody gets their fair share of mining rewards. Low barrier to entry and proportional rewards means that nobody will ever be priced out, keeping coin distribution fair and ensuring decentralization.
spacemesh.io
New York, NY, USA
Founded in 2018
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