Kyoko Raises $3 Million in Private Round Funding Led by Animoca Brands

TokenInsight news, Kyoko, a DAO-to-DAO cross-chain asset lending platform, has closed a $3 million private funding round led by Animoca Brands with participation from Infinity Ventures Crypto (IVC), YGG SEA, NGC Ventures and others. The funds raised will be used to strengthen Kyoko's market position, actively pursue strategic partnerships with DAOs, guilds and gaming companies, and grow its development and marketing teams. Kyoko provides liquidity solutions to the web3 market through its unsecured and collateralized DAO-to-DAO credit lending platform. It is said that Kyoko’ P2P NFT lending platform is currently in its test launch phase and its DAO-to-DAO lending and cross-chain asset lending platforms will be released later in Q1 2022.