About Trust Labs
Everyone whos ever wondered whether to charge a friend for their specialized time faces the same realization: everything about the way money affects personal relationships really sucks. We are solving this fundamental problem in human relationships by introducing time-denominated virtual currencies for people who know each other IRL, to finally make social capital work the way it could: so generosity translates to relatively tangible wealth. mCred.org is Trust Labs first experiment: a web app that lets people trade, store, & use their time as informal currency within their own networks or communities, denominated in groups of minutes, but without attaching that time to a dollar value. Basically, its just tracking the favors we do for each other & quantifying the social capital created as a result of this generosity. Weve just soft-launched our friends-only alpha in Vegas, which has seen a great response so far. This is just the first step toward reinventing personal credit.
Latest Trust Labs News
Jun 19, 2023
Trust Labs raises $15M The investment in Trust Labs was led by U.S. Venture Partners (USVP) and Foundation Capital. [Image courtesy: Trust Labs] June 19, 2023 Reston, VA-based Elastio, a company providing backups and recovery as a service, has raised $18 million in a Series A round.