Figment
FinTech & Crypto
Growth
Figment
Figment
Figment

Tagline

Building Web 3

Team

Lorien Gabel, CEO

Matt Harrop, CTO

Location

Toronto, Canada

Partnered

2019

Status

Active

Exited

Bonfire Lead

Company description

Figment is a leading provider of Web 3 staking, middleware, and application layer solutions. Our technology is leveraged at a global scale by institutions and developers that are investing in and building on the next generation of the Internet.

Why solve this problem?

Our current public/private tech stack is broken....large centralized data monopolies, anti-social algorithms, rent seeking financial institutions....all with huge negative externalities for society and individuals. We think Web 3 can be a bottom up counterbalance leading to a better Internet for everyone.

Hardest thing about being a founder?

Maintaining a healthy skepticism while being optimistic because a better world can be achieved only if we can see the present clearly.

Biggest piece of advice for aspiring founders?

"They can't eat you" - laugh, have fun, and don't take it too seriously.

Most exciting moment so far?

Being part of the birth of a new financial system and the associated communities and economies. We are seeing a new and better Internet come to life, one that gives control back to people and users.

Why did you choose Bonfire?

We have incredible levels of trust with the Bonfire team - their character and honesty are unmatched.

What’s it like to work with Bonfire?

Bonfire is relationship and trust driven at their core. This matters through good and especially bad times.

Favorite book, useful tool or app?

Stoner by John Williams