TechFlow news — Lore, a Web3 co-ownership platform, has raised $4 million in strategic funding led by Multicoin Capital, with participation from Seed Club Ventures, North Island Ventures, Balaji Srinivasan, Zeneca, Mischief Ventures, Sfermion, CMT Digital, Patricio Worthalter, Spice Capital, and Sublime Venture. The funding will support new use cases and expand the platform beyond Ethereum to other blockchains, starting with Polygon and Solana. To date, Lore has raised $7.15 million.
Lore is now in public beta and serves as a platform and protocol that makes it easier for Web3 creator communities and game builders to jointly own NFTs, unlocking new ownership and utility options. Co-owners can collectively pool resources, issue ownership shares to members, and distribute funds through automated governance settings.