Web3 Firm Artifact Labs Raises $3.25M From Blue Pool Capital, Animoca, Others

Artifact Labs, a Web3 company that works to preserve records of historical events on the blockchain, has closed a $3.25 million funding round. The round was led by Blue Pool Capital, with Animoca Ventures also participating. Artifact Labs said in the release it is planning to utilize the funds to expand the company's operations, emphasizing an increase in developers. Artifact Labs was initially developed by Hong Kong’s South China Morning Post (SCMP). In 2021 the SCMP launched a non-fungible token (NFT) standard called ARTIFACT for recording historical data. Artifact Labs said it will be releasing NFT collections as a revenue stream.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android