PANews reported on March 13 that according to the official announcement of Offline Protocol, the project has completed a US$1.1 million Pre-Seed round of financing, led by Portal Ventures and participated by Seed Club Ventures, and supported by angel investors such as Paul Taylor, Rushi Manche, and Rahim Noorani.

Offline Protocol is committed to building a decentralized, private, and censorship-resistant offline network that allows users to directly control communications, personal finance, and information access. Currently, its core product OfflineID has covered 15,000 users in the private beta stage, with a total of 70,000 sessions and 240,000 devices.