Archetype invests $1.8 million in Herd, a collaborative terminal designed to simplify the understanding and utilization of smart contracts for users and agents.

Information on the Target

Herd is an innovative collaborative terminal designed to enhance the understanding and utilization of smart contracts for both individuals and agents. Developed by Andrew Hong, the former Headmaster at Dune, Herd aims to simplify the intricate processes involved in navigating smart contracts. Despite the transparency afforded by blockchains, the underlying complexity can be daunting for many users. Herd addresses this challenge by creating a platform that allows users to search, comprehend, and leverage smart contracts more effectively.

At the core of Herd’s functionality is Sage, a smart contract-specific agent that analyzes contract code and links it to queries from data analytics platforms such as Dune and relevant discussions on social media platforms like Farcaster. By doing so, Sage unveils potential user pathways and interactions with other applications, thus enhancing accessibility and understanding for users lacking in-depth technical expertise.

Industry Overview in the Target’s Specific Country

The blockchain and decentralized application (dapp) industry has gained significant momentum in recent years, driven by a surge in interest from investors, developers, and users alike. Countries with a strong technological infrastructure, particularly in the United St