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Find Satoshi Lab (FSL) operates as a Web3 product development studio specializing in lifestyle applications that integrate social, gaming, and fitness elements. The company's flagship offering, STEPN, is a prominent move-to-earn application that leverages blockchain technology to reward users for physical activity such as walking, jogging, and running. FSL's approach centers on gamifying daily routines, thereby incentivizing healthier lifestyles through tangible digital asset rewards within its ecosystem.
The company was co-founded by Jerry Huang and Yawn Rong, officially establishing Find Satoshi Lab in August 2021. Their foundational insight stemmed from the observation of a burgeoning intersection between fitness and the emerging GameFi and Web3 landscapes. Drawing on Jerry Huang's background in computer games, the founders sought to create an innovative platform that would seamlessly merge physical activity with blockchain-based incentives, creating a novel engagement model.
FSL's products cater to individuals seeking to monetize their physical activity while engaging with Web3 technologies. The company’s long-term vision is to build a comprehensive suite of Web3 applications designed to bridge the gap between digital and real-world activities. By continuously developing products that embed blockchain mechanics into everyday life, Find Satoshi Lab aims to foster global adoption of Web3 through accessible, health-oriented incentives.
Find Satoshi Lab has 2 tracked investments across 2 companies. The latest tracked deal is $1.0M Seed in HackQuest in February 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2024 | HackQuest | $1.0M Seed | — | Index Ventures, Polygon Labs, Signum Capital, Woodstock Fund, Scott Moore, Bytetrade LAB, Hash Global, HashKey Capital, ONE Piece Labs, Open Campus OCX, Outlier Ventures |
| Nov 1, 2023 | OMTrade | $6.0M Seed | Find Satoshi LAB, Folius Ventures, Incuba Alpha | Dragonfly Capital, Multicoin Capital, KSK Angel Fund |