WorkQuest Secures $1.16M Seed Round to Build On-Chain Workforce Solutions

WorkQuest, a blockchain-based protocol designed to automate workforce coordination and hiring through decentralized mechanisms, has successfully closed its seed funding round, bringing in $1.16 million in capital. The funding was spearheaded by Black Dragon Capital, with additional backing from a diverse group of venture firms including Prometeus, TrustDAO Capital, Chain Ridge Capital, Kyros Ventures, Magnus Capital, Titans Ventures, and Matrix Ventures.

The protocol aims to fundamentally reshape how employers and workers connect by leveraging smart contract technology. Rather than relying on traditional intermediaries, WorkQuest enables direct interactions between hiring entities and talent, with transactions settled in stablecoins to reduce volatility and friction.

Beyond payment infrastructure, the platform introduces on-chain reputation scoring, creating a transparent, verifiable track record for both employers and freelancers. This mechanism builds trust within the network without requiring centralized gatekeepers.

According to the announcement, the newly raised capital will be allocated toward platform enhancement and feature expansion. These upgrades will strengthen the core infrastructure supporting smart contract execution, expand integration with major stablecoins, and refine the reputation scoring algorithm to better reflect participant reliability and performance history.

The funding round reflects growing investor interest in decentralized labor markets as blockchain adoption accelerates and organizations seek more efficient, borderless hiring solutions.