PANews reported on August 29 that according to The Block, the time tokenization platform Time.fun raised $3 million in a seed round led by Brevan Howard Digital. Other investors include Coinbase Ventures, Breed VC, Zee Prime Capital, and Arthur Hayes' family office Maelstrom, as well as angel investors such as Solana co-founders Anatoly Yakovenko and Raj Gokal. Time.fun is based on Ethereum Layer 2 blockchain Base, helping creators tokenize their time. Users can buy, sell and redeem creators' time for private messages or one-on-one calls.
Since its launch on June 17, Time.fun has completed a transaction volume of about 570 ETH (about 2 million US dollars), and creators have earned about 15 ETH (about 60,000 US dollars). Time.fun uses a supply and demand curve mechanism and plans to issue its own tokens in the future, but the specific time is yet to be determined.
