Farcaster ecosystem meme project Degen raised nearly $1.5 million in funding, led by 1confirmation.

BlockBeats news reported on February 21st that Degen, a meme project within the Farcaster ecosystem, announced the completion of a $1.47 million angel round of financing, with 1confirmation leading the investment and Farcaster OG participating. The funds will be used for the development of the Degen ecosystem and community. According to market data, DEGEN is currently priced at $0.001725, with a 24-hour increase of 5.73%.