TechFlow reports that Web3 startup Matera has successfully raised $3.6 million from backers including Sidedoor Ventures, HighCass Crypto, Medusa Ventures, The Sandbox, and Saxon Partners. Matera plans to develop blockchain infrastructure comprising a DeFi platform, protocol layer, and L2 network. The funding will support building a creator platform that integrates DeFi with social media to address widespread monetization challenges in the creator economy. Currently supporting creators on X, enabling them to raise funds and monetize through their loyal fanbases, Matera intends to expand integration to other social media platforms.
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