Web3 streaming media platform Myco completes $10 million Series A financing, with Aptos Labs and others participating

On August 28th, according to Arabian Business, UAE-based Web3 streaming media platform Myco announced the completion of $10 million A round of financing, Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners and Enjinstarter, as well as a group of angel investors participated in the investment. The company's valuation in this round of financing reached $80 million. The new funds will be used to further expand the Middle East and North American markets. Previously, Myco also announced a cooperation with the Aptos Foundation to realize the decentralization of streaming media content on the Aptos blockchain.
Mycomyco is a content streaming dApp that supports the seamless integration of AVOD and SVOD capabilities in a decentralized environment, leveraging the Web3 economic layer driven by a vision to provide true empowerment and ownership to audiences and content owners, currently covering live sports, movies, documentaries, and UGC content.