Elmnts, a mineral rights tokenization platform, raises $2 million in pre-seed funding
Elmnts is a mineral rights tokenization platform based on Solana, with mineral rights referring to the right to extract underground resources such as oil and natural gas. The company has raised $2 million in seed funding. This round of financing was led by Graph Ventures, Foundation Capital, and B+J Studios. According to reports, 45% of the funds will be used for "development" and 30% will be used for "legal/regulatory" purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Don’t be delusional: Decentralization doesn’t compensate for regulation
Pennsylvania bill proposes 10% Bitcoin reserve for treasury
WLFI integrates Chainlink for secure DeFi expansion
JENNER meme coin jumps 90% amid Caitlyn Jenner lawsuit