Spaceport, a web3 intellectual property protocol, raised $3.6 million in pre-seed round co-led by Arca, Decasonic and Crit Ventures, the venture arm of game developer Com2us.

Infinity Ventures Crypto, FBG Capital and Republic Asia are also among the investors that participated in the round, according to an announcement.

Spaceport is designed to help creators, brands and agencies monetize their intellectual property.Spaceport has already brought on board several notable partners, which it will reveal in the coming months,. The protocol leverages a series of Ethereum Virtual Machine (EVM) compatible smart contracts and will launch on Ethereum first, but Zhang is also exploring EVM compatible chains such as Polygon.

The funds from the raise will be used to hire talent and for product development, according to the announcement.