Artifact Labs raised 3.25 million dollars from blue pool capital and others. Alibaba founders Jack Ma and Joe Tsai have invested in Blue Pool. Animoca Ventures also participated in this pool. In the release of its plans, Animoca Ventures said that it intends to make use of the funds to expand the company’s operations. Also, focusing on an expansion in developers.
This does not mean creating new IPs or NFT projects. Instead, it’s utilizing Web3 to increase engagement. They utilize historically important collections.
Blue Pool and Animoca are among the contributors
A huge close of 3.25 dollars in funding is reported by Web3 Firm Artifact Labs. This funding round was led by blue pool capital, America, and other co-ventures participated.
CEO of Artifact Labs, Philip Pon, quoted in the release that they want to generate awareness about the histhistoricalnts in the younger public. So that they can support these organizations. For this,, they are also collecting the data through NFTs.
The co- founco-foundercutive chairman of Animoca Brands, Yat Siu expressed his views on the strategic round of fundraising as “ comprising several of the most respected institutional investors in the world, and we are honored by the continued support from existing investors.” He also stated that Animoca Brand will give prudent advice and future outlook on data, internet accounts contractual and property rights in the Web3 industry.
When we talk about The Amonica brand, the undtheesponse is the foremost blockchain technology group. It is well knowell-knowngaming world too. They also innovate the decentralized gaming awards and monetization in video games for the emerging open metaverse.
Initially, Hong Kong’s South China Morning Post (SCMP) nurtured the Artial Labs.
The SCMP is a designated very old news deliverer. It is the first preference of many in this field. The headquarters of SCMP is in Hong Kong. It has a growing a correspondence staff in Asia and America.
The SCMP then 2021 ugurated ARTIFACT, a non-fungible token (NFT) for recording historical data.
Now Artifact Labs,is an ndependent company. It is destined to grow blockchain business and create value for the Post’s audience, other stakeholders, users, partners, , and content creators.
In 2021 and 2022, SCMP hasde auge sales of NFTs on historical front pages. Some historical front page NFTs include the handover of Hong Kong to China in 1997, the death of the U.K.’s Princess Diana, the Avian flu outbreak etc.
Artifact Labs said in a release that NFT collections are the revenue stream, and the money they get by selling this service will be used in developing the technology further. Also, they will store and maintain data, evidence, and reports.
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Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/05/09/artifact-labs-raises-3-25m-from-blue-pool-capital-animoca/