Stakes is a NYC-based social wagering platform offering a web3 experience for sports fans. The product lets users wager for free in competitions among friends and influencers via a social feed and earn NFTs that serve as digital bragging rights recorded on the blockchain. Winners collect NFTs to memorialize winning calls; Stakes has minted over 8,000 “proof-of-flex” NFTs to more than 2,500 users. The company launched from IAC’s Newco incubator in January 2022 and is led by CEO and founder Kevin Wang. Stakes is currently in open beta on the Apple App Store. It raised $5.3M in seed funding and intends to use the proceeds to expand its team and grow its user base.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022