FRAME ANNOUNCES FUNDING ROUND AND AIRDROP FOR NFT COMMUNITY

Summary from the TLDR Crypto newsletter

Frame, a new NFT-focused L2, has finalized a funding round led by Electric Capital. Other investors include 9gag founder Ray Chan. Along with the funding news, Frame announced an airdrop of FRAME tokens for active NFT traders. Frame aims to create a community-owned network that enforces royalties, addressing issues with a lack of royalties enforcement in leading NFT marketplaces. Its mainnet launch is slated for next month.