UniWhales has raised $2.2 million to transition to DAO Inve | NFT Token

UniWhales has raised $2.2 million to transition to DAO

Investment community and "social experiment" UniWhales has raised $2.2 million in funding as part of a broader effort to transition to a decentralized autonomous organization (DAO) to better fulfill DeFi's "mission to reduce brain fatigue."

Signum Capital led the round along with HyperChain Capital, Faculty Capital, Impossible Finance and Double Peak Capital, the company announced Tuesday. Several business angels also contributed, including Popcorn Kirby, Chris Cheng, Sandeep Nailwal of Polygon (MATIC) and the Daedalus angel collective.

Most of the funds will be used to help add team members to create DAOs and develop new products as the decentralized finance (DeFi) sector in the crypto economy grows to $88 billion.