Web3 company Artifact Labs announced the completion of US$3.25 million in financing, led by Blue Pool Capital and followed by Animoca Ventures. The new funds will be used to expand the company's business and increase developers.

It is reported that Blue Pool Capital is a fund that mainly invests in the wealth of Alibaba founders Jack Ma and Joseph Tsai. Artifact Labs is a multi-chain NFT ecosystem established by the South China Morning Post to spin off its blockchain-based NFT business. (Coindesk)