Web3 Accelerator Seed Club Closed $15 Million Funding Round with Participation from Multicoin Capital and Others

Web3 accelerator Seed Club passed a vote to add new strategic contributors, which agreed to a proposal for strategic investors to participate in Seed Club by exchanging $15 million USDC for 1 million $CLUB tokens (10% of the total), which will be locked for one year and then unlocked over three years. New strategic contributors include Multicoin Capital, Placeholder, USV and others. The funds raised will be used for ecological development, including compensation for existing and new contributors, strategic grants and new initiatives which further drive growth.