coindesk.com
San Francisco-based Lore, a co-ownership platform for Web3 collectives, has raised $4 million in a strategic funding round led by Multicoin Capital The capital will enable new use cases and expansion to additional blockchains beyond Ethereum, starting with Polygon and Solana.
Lore, now in public beta, is a platform and protocol that makes it easier for Web3 creator communities and game builds to co-own non-fungible tokens ($NFT), opening up new ownership and utility options. Co-owner collectives can pool resources, issue ownership stakes to members, and distribute funds with automated administration settings. Collectives can easily access mints, stake assets or play $NFT-based games. Lore also serves as a social network of sorts, making it easier for new members to connect with collectives.
"The internet bundled us into communities based on shared interests and goals, but collaboration largely stopped there," said Lore co-founder and CEO Thomas Scaria in a press release draft shared with CoinDesk. "Lore gives communities of all sizes a new way to take action, and to ultimately achieve the goals that bind them together," he continued. "Lore turns niche communities into hubs for cultural curation, wealth creation, and commerce. As more opportunities emerge in virtual worlds, Lore will be there to help strangers and friends from all over the world to pool resources to seize opportunities."
