On Feb 21, 2024, Degen raised $1.46 million in a Pre-Seed funding round led by 1confirmation

Degen raised $1.46 million in a Pre-Seed funding round led by 1confirmation with participation from Cameron Winklevoss, Cooper Turley, Antimo Farid Mire, Aldryn Estacio, Israel Lechuga Garci, Rob Sanchez, Jessica Verrilli, Peter Berg, Sean Geng, and others.