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Multicoin Leads $4M Strategic Round for Web3 Co-Ownership Platform Lore

San Francisco-based Lore, a co-ownership platform for Web3 collectives, has raised $4 million in a strategic funding round led by Multicoin Capital The capital will enable new use cases and expansion to additional blockchains beyond Ethereum, starting with Polygon and Solana.

Lore, now in public beta, is a platform and protocol that makes it easier for Web3 creator communities and game builds to co-own non-fungible tokens (NFT), opening up new ownership and utility options. Co-owner collectives can pool resources, issue ownership stakes to members, and distribute funds with automated administration settings. Collectives can easily access mints, stake assets or play NFT-based games. Lore also serves as a social network of sorts, making it easier for new members to connect with collectives.

(by Stephen Alpher)

Web3 NFT
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