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.

The strategic partnership will strengthen the decentralized application (dApp) ecosystem on the Saakuru layer 2 protocol while increasing activity on the Memecore layer 1 protocol. Both companies will leverage their respective expertise in blockchain gaming to expand the gaming space and foster the next generation of Web3 gaming projects.