this post was submitted on 19 Sep 2024
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[2023] Mozilla and Gary Vee fund cryptocurrency company Webacy (www.coindesk.com)
submitted 1 month ago* (last edited 1 month ago) by LWD@lemm.ee to c/firefox@lemmy.ml
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Gary Vee is a notorious ~~grifter~~ NFT salesman with a checkered past.

Webacy is a cryptocurrency wallet "technology layer" that "provides security features" like password backup, "digital wills", etc.

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[–] gedaliyah@lemmy.world 25 points 1 month ago (2 children)

So we are doing AI and Crypto, but shutting down Mozilla.social?

Cool. Cool, cool, cool, cool.

[–] Blisterexe@lemmy.zip 12 points 1 month ago

This article was released in febuary 2023

[–] LWD@lemm.ee 9 points 1 month ago* (last edited 1 month ago)

Mozilla genuinely believes that this company follows the principles of the Mozilla Manifesto. At least, according to what Mozilla.vc says on its homepage.

(See more of the $35 million of its investments there.)

Other investments include:

  • Rodeo, an app that acknowledges the Gig Economy is harmful to Uber and Lyft drivers, but fundamentally doesn't want to change those harms.
  • HuggingFace, a company valued at $4.5 billion already.
  • lockrMail, an "inbox protecting" tool with a Chrome extension but no Firefox equivalent, and a direct competitor to Firefox Relay.