TechFlow News — Hourglass, an infrastructure for time-bound tokens, has raised $4.2 million in a seed round led by Electric Capital, with participation from Coinbase Ventures, Circle Ventures, Tribe Capital, Hack VC, and others.
Hourglass aims to help protocols offer additional rewards to users who commit to locking assets within the protocol for a certain period. When users pledge to lock their assets for a set duration, they receive a time-bound token representing that commitment, allowing protocols to provide extra incentives based on the length of time. Currently, Hourglass has launched the first marketplace where time can be traded.
Add to Favorites
Share to Social Media
