4Arts Protocol, a platform project driven by Cul&Art-memes, recently announced the successful completion of a seed round of financing totaling US$1.3 million.

This round of financing was led by Crypto Alpha SB Fund, and other investors included Crypto Store LB Capital, NOBI Capital, Crypto View, and CoinDEX CEO Gupta King and other individual investors from the entertainment and crypto industries.

4Arts Protocol is a platform that focuses on using cryptocurrencies for IP tokenization profit distribution. Participants can obtain various rights such as RevShares by holding RWA memes. The platform token will be used to govern its ecosystem, and the platform profit will be used for token repurchase, ensuring the healthy development of the platform through a deflationary dual-currency governance mechanism.

The proceeds from this financing will be mainly used to establish an entertainment RWA incubation fund to support the issuance of multiple entertainment memos on 'RWA memespad' and '4Arts RWA Launchpad'. The platform allows users to create and trade IP memes tokens. "