According to Odaily, the platform project driven by Cul&Art-memes, 4Arts Protocol, has announced the completion of a $1.3 million seed funding round. The round was led by Crypto Alpha SB Fund, with participation from Crypto Store LB Capital, NOBI Capital, Crypto View, CoinDEX CEO Gupta King, and other individual investors from the entertainment and crypto industries.
4Arts Protocol offers an IP tokenization platform that uses cryptocurrency for profit sharing. Participants in RWA memes can earn various rights such as RevShares. The platform's currency is used to govern the platform's ecosystem, and the platform's profits will be used for token repurchase. The deflationary dual currency governance mechanism ensures the healthy development of the spiral parallel.
The funds raised will reportedly be used to help them establish an entertainment RWA incubation fund, assisting multiple entertainment memes in issuing on the 'RWA memespad '4Arts RWA Launchpad'. This platform allows users to issue and trade IP memes tokens.
