Participated · Seed · Apr 2022

CR3 Labs builds FungyProof, an NFT quality-assessment platform that generates an at-a-glance grade for NFT collections by combining crowd-sourced reviews with technical data analysis. The grade evaluates project team and community credibility and token attributes such as permanence, tokenomics, energy efficiency, and market integrity. The company raised $1M in a pre-seed round to support growth. CR3 Labs intends to use the funds to hire additional talent and expand its product offering with a crowd-sourced token review system. Planned product extensions include support for additional blockchains and the release of an API. Company leadership and partners expect FungyProof to become a widely accepted standard for platforms aiming to provide authentic and high-quality NFTs.

Participated · Seed · Apr 2022

FungyProof builds quality-assurance "report cards" for nonfungible tokens to help buyers assess NFTs before purchase. Its platform grades NFTs across more than 30 data points, covering potential security flaws, metadata, images and energy efficiency. The company combines crowd-sourced reviews with technical data analysis to evaluate team credibility, token attributes such as permanence and tokenomics, and market integrity. Reports are available via the website and a Chrome extension that annotates NFTs visible on the OpenSea marketplace. FungyProof is developing a community-review feature and a version two of its services to provide a fuller picture of a project’s health. The startup recently raised $1 million in pre-seed funding to further develop the platform and expand its team.

Participated · Equity · Feb 2022

Animal Concerts is a next-generation metaverse entertainment platform operating at the intersection of concerts, NFTs, VR, gaming, advertising, merchandising, distributed ledgers, and cryptocurrencies. The project has hosted metaverse concerts with Busta Rhymes, Future, Alicia Keys, Meek Mill, Diplo, and Gunna and held an in-person concert in Los Angeles on February 12. Its core product blends live and virtual events, collaborative NFT drops, tokenized experiences, merchandising, and advertising to create new revenue verticals for artists and fans. Animal Concerts is launching an in-house token, $ANML, and a Watch-to-Earn model that rewards participant attention; tokens can be used for merch, virtual meet-and-greets, and staking to access free concerts. The company completed a $6.75M private round and sold $800k of $ANML across five launchpads; token sales were at $0.0045 with 25% at TGE and 75% vested over six months. Planned near-term activities include securing a Tier 1 CEX listing (AscendEX has been secured), finalizing two NFT collections including an A-list artist collaboration, and deploying funds toward artist bookings, marketing, ecosystem development, liquidity provisioning, and team expansion.

Participated · Seed · Feb 2022

Spin is a decentralized trading platform that enables both futures and options trading and is built on Solana. It is developing a multichain solution for on-chain derivatives trading that executes an order-book order execution model to deliver a CEX-competitive user experience. The DEX has released decentralized perpetuals on Solana’s testnet and the alpha of the first spot on-chain order book on NEAR Protocol. The company intends to use the funds to support further development of the DEX. Spin raised $3.75M in seed funding led by Lemniscap with participation from GSR, Spartan Group, ZMT Capital, Longhash Ventures and AngelDAO. Spin was founded in mid June 2021.

Participated · Seed · Jan 2022

NFT3 develops a unified decentralized identity (DID) and credit network for Web3 that uses NFTs as a portable identity layer and an NCredit identity graph for Web3 credit scoring. The platform’s first major use case is validated airdropping, enabling projects to airdrop only to real users by requiring an activated NFT3 DID. NFT3 positions its DID solution as a fix for bot-generated wallet address spoofing and to expose useful on-chain metadata for projects and platforms. The company aims to enable personal monetization paths tied to users’ data journeys across projects, social networks, companies and metaverses. CEO Dylan Dewdney, founder of Kylin Network, leads the effort and frames NFT3 as a gateway to mass adoption of Web3 products. The company recently closed a seed financing to support product rollout and expansion.