Web3 streaming platform Myco has completed a $10 million Series A funding round, with participation from Aptos Labs and others

ChainCatcher news, according to Arabian Business, the UAE-based Web3 streaming platform Myco has announced the completion of a $10 million Series A funding round, with participation from Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners, and Enjinstarter, along with a group of angel investors. The company's valuation in this round of financing reached $80 million, and the new funds will be used to further expand into the Middle East and North American markets.

Mycomyco is a content traffic dApp that supports the seamless integration of AVOD and SVOD features in a decentralized environment, and it leverages the Web3 economic layer to provide true empowerment and ownership for audiences and content owners. Currently, the content covers live sports, movies, documentaries, and UGC content, among others.