OWND Completes Pre-Seed Financing for Fashion NFT Platform

02/28/2023 10:26 • Metaverse & Beyond • 73 views

On February 28, the fashion NFT platform OWND announced the completion of US $750000 pre-seed round financing. The Nordic venture capital companies Founders and Skyfall jointly led the investment, and the blockchain technology community SteelDAO supported by Bessemer Venture Partners participated in the investment. The OWND platform is planned to be launched in April this year, and will support customers to use Apple Pay or credit card to purchase NFT launched by Nike, Adidas, Gucci and other market brands. （apparelresources）

Fashion NFT platform OWND has completed $750000 pre-seed round financing

Interpretation of the news:

Ownership of digital assets has gained significant traction among investors in recent years. Brands, artists, and even celebrities have started creating unique digital collectibles known as non-fungible tokens (NFTs) that can be traded on blockchain platforms. The recent announcement from OWND regarding its pre-seed round financing indicates just how much potential is seen in the market for NFTs, particularly in the fashion industry.

OWND is a new NFT platform targeting the fashion industry, which aims to allow customers to purchase NFTs using Apple Pay or credit cards. The platform plans to launch in April, supporting the sale of NFTs from brands such as Nike, Gucci, and Adidas.

Founders and Skyfall led the pre-seed funding round, with support from the SteelDAO community backed by Bessemer Venture Partners. While the amount of financing may not seem significant compared to some other tech startups, it is noteworthy in the NFT space, which is still relatively small and unproven.

The fashion industry is ripe for disruption by NFTs, which offer a new way to monetize intangible assets like digital designs and artwork. NFTs allow creators to retain ownership of their digital assets while enabling their fans to trade and collect them. The potential for market growth is enormous, as new events like fashion weeks and social media trends create opportunities for more valuable and unique NFTs.

Major luxury brands have already begun experimenting with NFTs by launching digital collections and collaborations with popular crypto artists. For example, Gucci debuted an NFT-based virtual art exhibition featuring digital artwork by artists and a limited edition NFT that sold for over $25,000. Nike also auctioned off limited edition NFT sneakers that sold for $1.8 million.

In conclusion, this funding round for OWND indicates that the potential for NFTs in the fashion industry is still very promising. The launch of this new platform may attract more attention and investments to the space, paving the way for future developments and integrations in the fashion industry. The fashion world has always been about creating unique and rare items, and with NFTs, this is now being brought to the digital realm.

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OWND Completes Pre-Seed Financing for Fashion NFT Platform

Fashion NFT platform OWND has completed $750000 pre-seed round financing

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