According to TechFlow, Web3 startup Matera has successfully raised $3.6 million from investors including Sidedoor Ventures, HighCass Crypto, Medusa Ventures, The Sandbox and Saxon Partners. Matera plans to use the funds to develop a blockchain infrastructure including a DeFi platform, protocol layer and L2 network.

The company also plans to build a creator platform that combines DeFi with social media to solve the monetization challenges prevalent in the creator economy. Matera currently supports creators on X, enabling them to raise funds and monetize their loyal fan base, and plans to expand its integration to other social media platforms.