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Web3 protocol Polytrade raises $3.8M to improve global trade


Polytrade, a web3 protocol focused on global trade, has raised $3.8 million in a seed round led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures, the startup exclusively told TechCrunch.
Other investors include Singularity Ventures and GTM Ventures. The firm has previously been backed by Polygon co-founder Sandeep Nailwal and QuickSwap co-founder Sameep Singhania, among others.
The protocol aims to streamline supply chains through real-time data, Piyush Gupta, founder and CEO of Polytrade, said to TechCrunch.
“The biggest challenge in the global supply chain is the lac

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