4Arts Protocol Secures $1.3 Million Seed Funding Round

According to Odaily, Cul&Art-meme driven platform project 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. RWA meme participants can get various rights such as RevShares. The platform currency is used to govern the platform ecosystem, and platform profits will be used for token buybacks. The deflationary dual currency governance mechanism ensures a healthy parallel development of the spiral.

The funds raised will reportedly be used to help them establish an entertainment RWA incubation fund, helping various entertainment memes be published on the '4Arts RWA Launchpad' RWA memespad. The platform allows users to issue and trade IP meme tokens.