The capital will be used to help build out the team and onboard new brands, Yoloyolo co-founder and CEO Jason Hu told CoinDesk during an interview. Other participants in the funding round included Avalanche Ventures, UOB Ventures, Signum Capital, Genblock, Yolo Investments and angel investors who included SoftBank Vision Fund’s Neil Cunha-Gomes and former Binance partner Nicole Zhang.
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