Terra

Creates programmable money and stablecoins

Seoul, South Korea

About Terra

Terra creates programmable money for the internet, focusing on decentralized finance (DeFi), Web3, and non-fungible tokens (NFTs). Its main product is a stablecoin network, which is a type of cryptocurrency designed to maintain a stable value. This network is open-source and controlled by stakeholders who own Terra's tokens. Terra serves individual investors, developers, and businesses, operating across multiple blockchains to ensure accessibility. The company generates revenue through transaction fees, token appreciation, and by supporting other blockchain projects. Terra aims to simplify digital money transactions and enhance the appeal of holding digital assets.

Seoul, South KoreaHeadquarters
2018Year Founded
$55.4MTotal Funding
EARLY_VCCompany Stage
Fintech, Crypto & Web3Industries
11-50Employees

Benefits

Generous PTO
Competitive Salary
401k Contributions

Risks

Increased regulatory scrutiny on stablecoins could impact Terra's operations.
Legal challenges faced by founder Do Kwon may destabilize leadership and strategy.
Dissolution of Terraform Labs may lead to operational disruptions and loss of confidence.

Differentiation

Terra offers a stablecoin network designed for mass adoption and financial stability.
The network is open-source, allowing stakeholders to modify and control its code.
Terra's ecosystem includes innovative projects like Mirror, Anchor, and Pylon Protocols.

Upsides

Integration with Layer 2 solutions enhances scalability and reduces transaction costs.
Cross-chain interoperability expands Terra's reach and usability across blockchains.
Growing interest in algorithmic stablecoins positions Terra as a hedge against financial instability.

Funding

Total raised$55.45 M
Latest valuation$125.00 M
StageEARLY_VC