Applications and Use Cases

Opolis Raises Funds to Propel Blockchain Employment Platform

July 20, 2023


The convergence of next-generation technologies and the evolution of work (out of the traditional office setting) is reshaping the future of the workforce and revolutionizing the way businesses operate. These advanced and emerging technologies (including AI, automation, IoT and VR, among others) are playing a pivotal role in transforming industries and how people approach their jobs.

Businesses are, in turn, demanding a shift in skills, prompting employees to reskill or upskill in order to adapt to new roles that involve managing and working alongside technology. The abundance of data generated by these technologies allows for more informed decision-making, promoting innovation and growth.

Standing at the nexus of it all is Opolis, a member-owned platform that uses blockchain to provide employment infrastructure for independent workers.

Opolis recently secured a bridge fundraising round of $6.6 million to scale the business and implement a more frictionless user experience. The roadmap for feature enhancements focuses on improved information accessibility; specifically accounting data, tax reporting details and health insurance information.

“At Opolis, we’re creating a radically new workplace structure and empowering independent workers to dream bigger than a traditional 9-to-5 career,” said John Paller, Executive Steward of Opolis. “We’re obsessed with creating the best possible experience for our members.”

Opolis aims to empower freelancers, independent contractors and gig workers with a more robust and flexible employment infrastructure. The platform seeks to address the challenges faced by the growing gig economy by supplying them tools that allow them to secure and manage employment benefits, payroll, and to access shared services like unemployment, disability and tax compliance.

“With millions of workers exiting the ‘traditional office,’ Opolis fills the need for a platform that serves these workers with amazing services that historically were only available to workers in the old economy,” said Tim Draper, founder of Draper Associates.

This fundraise was led by Berlin-based European crypto investment firm Greenfield, with supporting investment from notable entities including the NEAR Foundation, Draper Associates and Polygon Ventures. It follows pre-seed and seed round raises, bringing Opolis to a total of $13.3 million with the most recent funding raised at a $50 million valuation.

Edited by Alex Passett

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