Venture capital giant a16z leads $20M round for CreatorDAO

08/09 15:40

According to Coindesk, CreatorDAO raised $20 million in a seed funding round led by Andreessen Horowitz (a16z) crypto and Initialized Capital. Entertainers such as Paris Hilton and musicians The Chainsmokers participated in the funding round. CreatorDAO invests in creators in exchange for a percentage of their future earnings. The DAO structure allows investment decisions to be crowdsourced, and contributions to the DAO to be rewarded.

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