DressX raises $15 million in round A financing to expand its digital fashion products
It is reported that DressX, a fashion technology company, raised US $15 million in round A financing, led by Greenfield, a Berlin-based cryptocurrency venture capital company. The round of financing ended at the end of February. Participants also included Slow Ventures, The Artemis Fund, Red Dao and Warner Music. Although most of its digital fashion products are offline, the company has begun to study web3 in depth by establishing its own NFT market and cooperating with the exchange Crypto.com.
DressX, a digital fashion company, received US $15 million in round A financing
Analysis based on this information:
DressX, a fashion technology company that specializes in digital fashion products, has successfully raised $15 million in round A financing, with Greenfield, a Berlin-based cryptocurrency venture capital company, leading the funding. The round of financing ended in February, with Slow Ventures, The Artemis Fund, Red Dao, and Warner Music also participating.
While DressX’s current digital fashion products are primarily offline, the company is expanding its focus to include web3 by establishing its own NFT market and forming a partnership with Crypto.com. NFTs, or non-fungible tokens, allow for unique digital assets to be created and bought and sold on blockchain platforms.
This new funding will enable DressX to further develop its digital fashion offerings and expand its reach to new markets. The company’s CEO, Daria Shapovalova, stated that the funding will be used to “extend the product range, build partnerships and fuel growth.”
As the digital fashion industry continues to gain momentum, DressX is well-positioned to make a significant impact. The company’s innovative approach to fashion provides consumers with a sustainable and affordable alternative to traditional clothing, while also opening up new opportunities for designers and creatives.
By leveraging the power of cryptocurrency and blockchain technology, DressX is paving the way for a more inclusive, accessible, and sustainable fashion industry. As more and more people turn to digital alternatives, the company’s NFT market and its partnerships with other platforms will become increasingly important.
In summary, DressX’s successful funding round signals a bright future for the digital fashion industry. With a focus on sustainability, affordability, and creativity, DressX is poised to lead the way in this exciting and rapidly evolving field.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/7277.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Coin On and Mr. Pay partner to expand POS network in Italy
According to reports, Coin On announced on its official social media that it has reached a partnership with the financial technology platform Mr. Pay to expand its POS network in m
-
TITLE: OKB Soars Past $50 amid Market Fluctuations: Caution Advised
According to the report, the market shows that OKB has broken through $50 and is now reported at $50.14, with a daily increase of 20.27%. The market fluctuates…
-
What is Poa coin (What does Po coin mean)
What is Poa coin According to official sources, what is Poa coin? What function
-
Binance’s $1 Billion Acquisition Deal With Voyager Hits Hurdles in the US
According to reports, a New York judge said on Friday that the United States government had a \”substantial case case case\” in opposing Binance. US\’s $1 billion acquisition of the a
-
Blur Emerges as the Top NFT Market Surpassing OpenSea
On February 22, Delphi Digital, an encryption research institute, posted a social media analysis that Blur surpassed OpenSea to become the largest NFT market a…
-
#Transforming Online Voting: The Love Hate Inu Story
According to reports, the Vote to ear project Love Hate Inu completed a $2 million financing through token pre-sale, which aims to transform the online voting industry by rewarding
-
Football Metaverse Project TOPCOAL Receives Investment for AI and Blockchain-Driven Innovation
On April 4th, it was announced that the football metaverse project TOPCOAL has received millions of dollars in investment from DWF Labs, a Web3 venture capital company and digital
-
What currencies and cryptocurrencies are mainstream now?
What currencies and cryptocurrencies are mainstream now? According to cointelegr
-
Homeland Season 1 of AxieInfinity Launching with New Rewards and Upgrades
It is reported that the Homeland Season 1 of the chain game AxieInfinity will be launched on February 22. It is planned to update Homeland\’s playing methods an…
-
WhaleAlert Reports Transfer of 1167 BTCs to Coinbase
According to reports, WhaleAlert data shows that 1167 BTCs (valued at approximately $314168,07) have been transferred from unknown wallets to Coinbase. 1167 BTCs transferred from unknown wallets to Coinbase Analysis based on this information:WhaleAlert, a Twitter account that tracks large cryptocurrency transfers, has reported that 1167 BTCs have been transferred from unknown wallets to Coinbase. The total value of the transfer is approximately $314,168.07, based on the current Bitcoin exchange rate. This news has caused a significant stir in the cryptocurrency community, as the identity of the owner of the unknown wallets is unknown. This move is a significant event in the cryptocurrency market, as Coinbase is one of the largest and most reputable cryptocurrency exchanges. It’s an indication that the transfers came from a large entity or institution, which could signal increased interest in Bitcoin from institutional investors. Such a trend could give the cryptocurrency market a much-needed boost, as it brings more confidence to the market. The fact…