Modular Blockchain Sophon Raises $10 Million in Funding from Paper Ventures and Maven11 Amid Veil of Mystery
Posted: Mar 29, 2024 2:00 PM Updated: March 29, 2024 1:15 PM
Correction and fact check date: March 29, 2024, 2:00 PM
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Modular blockchain project Sophon has raised $10 million in a funding round led by Paper Ventures and Maven11 to accelerate its development efforts.
Sophon, a modular blockchain project that describes itself as “mysterious,” has raised $10 million in a funding round led by venture capital firms Paper Ventures and Maven11, with additional participation from Spartan, SevenX, OKX Ventures and Huobi Ventures. He said he did. With this new injection of funds, the project aims to strengthen development efforts.
Sophon is backed by a consortium of prominent investors. Through a strong network, strategic partnerships, and dedicated focus on innovation, the project has garnered significant interest from venture capitalists and angel investors behind this enigmatic vision.
“Our investment in Sophon is consistent with our vision to support projects that are not only technologically advanced, but have the potential to have a significant impact on local communities,” said Danish Chaudhry, general partner at Paper Ventures.
Additionally, leading figures from various fields have collaborated with Sophon to explore potential strategic partnerships. Rumors are swirling about several projects in the gaming and AI space that are considering building on Sophon.
According to Sophon’s official statement, the individuals behind the project hope to release more information about the project and partnership soon.
Cryptic Blockchain Sophon Reveals Test Version of Game, Prepares Token Release to Reward Early Adopters
With only a few posts being shared on social media platform Moreover, the project’s mysterious profile provides limited information and describes itself as a “modular blockchain powered by (BLANK) and (BLANK) on (BLANK),” hinting at a promising future.
Recently, Sophon released a test version of its game, inviting users to participate for a limited time of two hours. Additionally, the project announced its intention to release tokens to reward its early community of followers.
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Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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