WorkQuest raises $1.16M seed to build decentralized jobs marketplace with on-chain payroll and reputation

Published: 2025-11-29 02:52:34 |

WorkQuest, a decentralized jobs marketplace and workforce automation protocol, has closed a $1.16 million seed round led by Black Dragon Capital with participation from Prometeus Labs, TrustDAO Capital, Chain Ridge Capital, Kyros Ventures, Magnus Capital, Titans Ventures and Matrix Ventures. The new funding will be used to upgrade the platform so employers and workers can interact via smart contracts, stablecoin payments and on-chain reputation scoring. Key details: funding amount $1.16M; lead investor Black Dragon Capital; use of proceeds focused on platform upgrades, smart-contract-based hiring, stablecoin payroll and on-chain reputation. Primary keywords: WorkQuest, decentralized jobs marketplace, seed funding. Secondary/semantic keywords: on-chain payroll, smart contracts, stablecoin payments, reputation scoring, Web3 labor market. This development highlights continued investor interest in Web3 labor infrastructure and could accelerate adoption of blockchain-native hiring and payment tools among remote and gig-economy workers.

Neutral

The financing news is industry-positive but has limited direct impact on crypto market prices. A $1.16M seed round led by a venture firm signals investor confidence in Web3 labor infrastructure and could support long-term adoption of stablecoin payroll and smart-contract hiring—positive for projects focused on payments, reputation protocols and labor marketplaces. However, the amount is modest relative to crypto market capitalizations and unlikely to move major token prices or liquidity. Short-term market reaction should be minimal; traders may pay attention to associated protocol token announcements or integrations (if any), which could produce short-lived volatility. Historically, early-stage funding for infrastructure projects (e.g., Web3 payroll or identity tools) supports ecosystem growth without immediate bullish price action unless tied to a token launch or large partnerships. Therefore classify as neutral: constructive for sector fundamentals, but limited near-term trading impact.