TechFlow reports that Web3 gaming platform provider Meme Kombat has raised nearly $8 million in its latest funding round, with a hard cap target of $10 million.
Meme Kombat allows token holders to deposit tokens and match meme characters to participate in gameplay, launching Season 1 with 11 characters, followed by Season 2.
Meme Kombat has a total token supply of 120,000,000 tokens, with 30% allocated for staking and battle rewards, 10% for community incentives, and 10% for decentralized exchange liquidity.
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