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Amasa Raises $1.5M to Build Micro Investment Streaming App

coinquora.com 21 September 2021 16:27, UTC
Reading time: ~2 m

  • Amasa announced it has raised $1.5 million in a funding round.
  • The fund would help Amasa introduce investment streaming to the world.

Amasa announced it has raised $1.5 million in a funding round from strategic supporters.

According to the company that aims to connect millions of users to Web 3.0 and DeFi, the investment round was led by Animoca Brands.

As per Amasa, the funding round saw an attendance of well-known investors in the blockchain and crypto space. This includes OKEx Block Dream Ventures, SkyVision Capital, Spark Digital Capital, Momentum 6, Polygon Co-Founder Sandeep Nailwhal, and many more.

According to the press release, the fund would help Amasa build and introduce an investment streaming app to the world. In addition, it would help them empower people to harness the wealth-building potential of micro income streams and DeFi.

To be precise, Amasa noted that they will use the fund to grow the team of core contributors. What is more, they will also use the capital to improve through Amasa’s roadmap and build the project’s platform and ecosystem.

Expanding further, James C.K. Ho, Director Of Strategic Partnerships at Animoca Brands, said,

As true proponents of decentralization and fair wealth distribution, we see Amasa as playing a pivotal role in mass adoption of the earning potential web3 and DeFi provides. This will create increased value, not only for Animoca’s portfolio of projects but for the entire blockchain ecosystem.

Additionally, support from giant companies like Animoca Brands helps Amasa get connections within the play-to-earn gaming, NFTs, and metaverse builders space.

Besides this, Amasa is currently working with many projects that reward users with micro income streams. As a result, this ensures that Amasa remains built as a user-centric product that fits the existing and future platforms. The platform could do this while adding value to the more expansive network of micro income providers.

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