EXCLUSIVE: Sortium, a Web3 infrastructure company with an AI slant, has raised $7.75 million in a seed funding round that included crypto investor arca. BrandyBetz reports
Sortium, a developer of Web3 entertainment technology, has raised $7.75 million in a seed round, with crypto hedge fund Arca among the investors. Web3 infrastructure advancements are widely seen as key to bringing more people and brands into the crypto industry.
Seal didn’t specify who the other investors were, but said the group included other crypto-native firms. “We started raising [money] at that $14 million, and we had originally gotten offers that would have completed the round very shortly after we announced,” explained Seal. “We decided not to go that route and focus more on strategic partners and see what the landscape was turning into.”Sortium's roughly 50 employees include blockchain engineers, artificial intelligence engineers and a full game studio that can launch its own titles or help partners develop games.
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