T-Rex, a blockchain focused on revolutionizing Web3 entertainment, has successfully raised $17 million in funding. This significant investment, reported by Daily Hodl, will fuel the platform's growth and development of its incubation fund. Strategic investors including Portal Ventures, North Island Ventures, and Framework Ventures have backed T-Rex. Everest Ventures Group (EVG), a prominent Web3 investment firm, is spearheading the development efforts. T-Rex aims to tackle the challenges of low user engagement and a lack of loyalty that often plague the blockchain space. By providing innovative tools and solutions for entertainment applications, T-Rex aims to build a more vibrant and sustainable Web3 ecosystem, attracting and retaining users long-term. The funding will be critical to expanding the platform's reach and impact in the rapidly evolving Web3 landscape. ```