PANews reported on November 5 that according to official news, the decentralized fan interaction platform AmplifyWorld announced that it had received a $1.2 million investment from early-stage venture capital firm Chapel Ventures through a Simple Agreement for Future Tokens (SAFT). The new funds will be used to promote the issuance of its AMPS tokens.

According to reports, AmplifyWorld is a decentralized content platform that builds bridges between artists and fans through blockchain technology, providing new ways to connect, monetize and interact. By leveraging AMPS tokens, AmplifyWorld aims to provide artists with a transparent, community-driven ecosystem.