FLUX Protocol
Distributed Network for Environmental Data
Company Overview
Snapshot
Founded in November 2014 by Blake Burris, Amichai Yifrach, and Karin Kloosterman, FLUX Protocol operates with 1–10 employees. The company has raised $400K across two funding rounds from one investor. In November 2022, FLUX Protocol ceased to operate.
Business overview
FLUX Protocol is developing a distributed network for environmental data, focusing on creating the world's largest co-op for this purpose. The company provides growers with opportunities to monetize their data through a tokenized incentive layer, which is then used to generate insights for other network users. FLUX Protocol integrates military-grade IoT hardware, distributed storage, and a blockchain-based AI system to support sustainable practices globally. It operates within the Agriculture & Food Technologies sector, specifically targeting Ag Tech, Farm Equipment & Treatment, and serves the agriculture and crops markets.
Strategic signal
FLUX Protocol ceased operations in November 2022, indicating a significant strategic shift and the conclusion of its venture in building a distributed network for environmental data. This event signals to investors and innovation teams the company's inability to sustain its business model or achieve its market objectives, marking a definitive end to its forward trajectory.
Log in to access full profile ›Company Intelligence Q&A
- What is FLUX Protocol's primary focus?
- FLUX Protocol is focused on building a distributed network for environmental data, aiming to create the world's largest co-op for environmental data by enabling growers to monetize their data through a tokenized incentive layer.
- What technology does FLUX Protocol utilize?
- FLUX Protocol utilizes military-grade IoT hardware, distributed storage, and a blockchain-based AI system to facilitate data monetization and generate insights for sustainable practices.
- When was FLUX Protocol founded?
- FLUX Protocol was founded in November 2014.
- What products does FLUX Protocol offer?
- FLUX Protocol offers products named Eddy and Flux Token.
- What is the current operational status of FLUX Protocol?
- FLUX Protocol ceased to operate in November 2022.