Web3 content distribution protocol Metale Protocol completes $2 million financing, with participation from Waterdrip Capital and others.

ChainCatcher news, the Web3 content distribution protocol Metale Protocol recently announced an additional $2 million in funding, with participation from Waterdrip Capital, Aipollo Investment, and Ultiverse. To date, its seed round financing has reached a total of $4 million.

The new funds will be allocated to its ecosystem's content creation fund to stimulate more content creation activities and promote the protocol's construction of a content asset issuance and distribution platform on-chain.

Previously, in September 2023, the Web3 decentralized reading application Read2N announced a brand upgrade, rebranding itself as Metale Protocol.