Spaceport, a Web3 startup, has announced it has raised USD 3.6 million in pre-seed funding to develop a blockchain-based protocol that will streamline the licensing of intellectual property and make it easier for creators to receive royalties.
The funding round was co-led by Arca, the Web3-native venture fund Decasonic, and Crit Ventures, the venture capital division of game developer Com2uS. Cozomo De Medici, Diaspora Ventures, Infinity Ventures Crypto, FBG Capital, Nextview Ventures, Republic Asia, and Valhalla Ventures were among the additional investors who participated in the round.
The business stated that it plans to use the additional funding to expand its public product launches, continue to hire top talent, and reach out to more partners with strong IP portfolios who want greater exposure.
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