Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
-- | -- | -- | Apr 22, 2024 | |
Strategic | $5M | -- | Mar 26, 2024 | |
Seed | $2M | -- | Mar 16, 2022 |
Roam is an innovative protocol that enables users to access public WiFi networks seamlessly using decentralized identifiers (DIDs) and verifiable credentials (VCs). By integrating these Web3.0 technologies, Roam creates a global WiFi OpenRoaming network that connects disparate WiFi systems, eliminating the need for repeated logins, password sharing, and redundant registrations. This decentralized approach enhances user experience, especially for travelers, by providing a frictionless and secure authentication process.
At the core of Roam’s ecosystem is its VC/DID-based Web3.0 WiFi credential, which not only simplifies access but also facilitates token-based incentivization. This model drives the growth of a decentralized wireless network while generating valuable "3W" data—capturing insights on Who is connecting, When, and Where. By leveraging token incentives, Roam fosters network expansion and adoption, ensuring a self-sustaining and scalable system for WiFi connectivity worldwide.
Roam accelerates the adoption of advanced WiFi technologies like PasspointTM and OpenRoamingTM, originally designed for enterprise use but now crucial for the 5G rollout and cellular traffic management. By optimizing service provisioning, reducing deployment barriers, and expanding its user base, Roam strengthens the global connectivity ecosystem. Additionally, it upholds strict privacy and regulatory standards, paving the way for the seamless integration of Web3.0 applications and fostering a more decentralized and user-centric internet.