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

Myco, a UAE-based Web3 streaming platform, announced the completion of a $10 million Series A financing round, with participation from 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. 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 partnership with the Aptos Foundation to achieve decentralization of streaming content on the Aptos blockchain. Mycomyco is a content traffic dApp that supports seamless integration of AVOD and SVOD functions in a decentralized environment, and uses the Web3 economic layer driven by the vision of providing true empowerment and ownership to viewers and content owners. The current content covers live sports, movies, documentaries, and UGC content. (Arabian Business)