Lore, a co-ownership platform for Web3 collectives, has closed a $4 million strategic funding round led by Multicoin Capital with participation from Seed Club Ventures, North Island Ventures, Balaji Srinivasan, Zeneca, CMT Digital, and others. To date, Lore has raised $7.15 million.
The funds raised will support new use cases and expand to other blockchains beyond Ethereum, starting with Polygon and Solana.
Lore, currently in public beta, makes it easier for the Web3 creator communities and game builds to co-own NFT, opening up new ownership and utility options. Co-owner collectives can pool resources, issue ownership shares to members, and distribute funds with administration management settings. Web3 communities that are already using the platform include Proof, Friends With Benefits, Seed Club, Memeland, and Azuki.
TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email email@example.com. Your trust will be well respected.