ChainCatcher reported that according to The Block, the time tokenization platform Time.fun has completed a $3 million seed round of financing, led by Brevan Howard Digital. Other investors include Coinbase Ventures, Breed VC, Zee Prime Capital, Arthur Hayes' family office Maelstrom, and angel investors such as Solana co-founders Anatoly Yakovenko and Raj Gokal.
Time.fun is based on the Ethereum Layer 2 blockchain Base, helping creators tokenize their time. Users can buy, sell and redeem creators' time for private messages or one-on-one calls.
Since its launch on June 17, Time.fun has completed transactions of about 570 ETH (about $2 million), and creators have earned about 15 ETH (about $60,000). Time.fun uses a supply and demand curve mechanism and plans to issue its own tokens in the future, but the specific time is yet to be determined.
