According to ChainCatcher, Saakuru Labs and Memecore announced the establishment of a joint foundation with an initial capital of US$10 million, aimed at investing in and acquiring meme coin communities and games in the Saakuru and MemeCore ecosystems.

This strategic partnership will enhance the decentralized application (dApp) ecosystem on the Saakuru Layer 2 protocol while increasing activities on the Memecore Layer 1 protocol. With this funding, the two companies will use their respective expertise in blockchain games to expand the gaming space and cultivate the next generation of Web3 game projects.