According to BlockBeats, on November 19, Luluchain, a project dedicated to converting social scene data into quantifiable value virtual assets (Emotional World Assets), announced that it had completed a $5 million institutional round of financing with a valuation of $50 million. This round of financing was led by DG Capital, with participation from Smo Capital, LD Block, Unionblock vc, and Blockin.venture.

They each have deep backgrounds and rich experience in blockchain, finance, investment and other fields. The cooperation with Luluchain will undoubtedly inject new impetus into the industry and open a new stage full of opportunities and innovation.

Luluchain is a unique blockchain platform that integrates AI+Web2 social scenarios+Web3 decentralized finance, and its underlying layer is developed based on Comsos Sdk.