Web3 entertainment technology developer Sortium has completed a $7.75 million seed round financing, with participation from crypto hedge fund Arca

2023-01-14 08:32:25

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ChainCatcher news, according to CoinDesk, Web3 entertainment technology developer Sortium has completed a $7.75 million seed round financing, with cryptocurrency hedge fund Arca participating.

Sortium CEO Marc Seal told Coindesk that there are other investors in this round, but did not disclose specific names. Sortium focuses on showcasing its technology framework to help potential partners and clients understand the goals that generative artificial intelligence systems, blockchain, and dynamic private economic systems can achieve. This startup is also preparing to launch its first play-to-earn game. In terms of funding, Sortium is still considering accepting up to $2 million more from investors interested in the seed round, and the company is also formulating a strategy on how and when to conduct Series A financing. (source link)

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