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HBAR Foundation Launches $250 Million Metaverse Investment Fund

The HBAR Foundation, an independent non-profit arm of distributed ledger company Hedera Hashgraph, has announced the creation of a $250 million metaverse fund to promote consumer brand adoption of encrypted Web3 applications chemical.

HBAR Foundation’s team has identified applications in both the Web3 and Hedera ecosystems that build business-to-consumer directly and act as a mutual intermediary between all parties for the metaverse fund to centralize its efforts. Their focus is on the areas of: blockchain games, brands and marketplaces, sports experiences.

The first project to receive funding, Sayl, operates an owner relationship management (ORM) platform focused on strengthening the commercial connection between brands and consumers with the integration of Web3.

In a video chat with Alex Russman, the director of metaverse funds at the HBAR Foundation shared on a range of topics including the reasons for working with Sayl, the importance of technology architecture in space, and the importance of technology in space. announced partnerships with gaming and sports platforms as well as fashion brands.

Sayl’s current global customer relationship management (CRM) operations serve more than 300 companies, including industry giants such as Proctor and Gamble, Loreal and Brussels Airport, among others. This extends beyond a simple marketplace hub and integrates the wallet with “deeper management tools” in the Sayl Store Manager App.

These are all long-term relationships, so it will likely take longer to ship and become the guideline for the entire distributed ledger technology (DLT) and Hedera industry.