A fixed price coin whose value increases over time? Only in crypto.

Coming out of stealth mode Monday, crypto project Fragments is revealing that it has raised a $3 million venture round led by True Ventures, with additional participation by Pantera, FBG Capital, Founder Collective and Coinbase CEO Brian Armstrong.

Co-founded by Pythagoras Pizza founder Evan Kuo, the project was originally designed as a gig economy token but has since pivoted from that vision to one that addresses a fundamental problem in crypto: the need for a token that can easily trade in and out of government-backed currencies.

https://www.coindesk.com/a-stablecoin-for-hodlers-pizza-ceo-raises-3-million-for-new-crypto/