What to know:

• CoreSky has successfully raised $15 million in Series A funding to speed up its development.
• The funding round was led by Tido Capital and saw involvement from WAGMI Ventures, CoPilot Ventures Studio, Web3vision, and Parallel Ventures.
• CoreSky’s platform allows for user voting to measure public sentiment in the initial phases of a meme token’s evolution.

Memecoin incubator CoreSky has received $15 million in Series A funding to advance the growth of its platform, elevating its total funding to $21 million. The funding was spearheaded by Tido Capital, along with contributions from various investors.

CoreSky’s platform provides tools for users to vote, which helps gauge public opinion as meme tokens are developed. The rise of memecoins has been significant over the past year, becoming a key trend in the cryptocurrency space driven by notable endorsements and the growing impact of internet culture in financial markets.

Despite ongoing issues with scams and rug pulls, interest in memecoins remains high. Many see them as representative of community dynamics in the crypto landscape, blending internet culture with innovative financial ideas.