PANews reported on March 17 that according to official news from Slingshot DAO, the project has successfully completed $16 million in financing , with investors including Dragonfly Capital, Animoca Brands, Digital Currency Group (DCG), Sfermion, Standard Crypto, Sanctor Capital, Collab+Currency, Alphabit and other well-known Web3 institutions. In addition, Slingshot DAO revealed that the SLING token will be launched soon and hinted that trading will start soon.