The HBAR Foundation said it has committed $250 million to attract brands to the Hedera Hashgraph meta-village.
According to the statement, the foundation is focused on creating an advanced digital world and developing an ecosystem of support and add-on projects. It will also support game developers and help them incorporate NFT into their projects.
The funding will focus on four main areas: gaming, sports, fashion and entertainment.
Customer relationship management platform Sayl has received its first funds from the fund. Sayl said it wants to become a leading gateway providing Web3 capabilities for respected brands.