tokenproof Raises $5M in Seed Funding
Summary
tokenproof, an Austin, TX-based provider of a tool to unlock the value of Non-Fungible Tokens (NFTs), raised $5M in seed-funding. The company intends to use the funds to accelerate the expansion of additional use cases for NFT verification, including online services, and retail experiences. Led by Alfonso (Fonz) Olvera, Founder and CEO, tokenproof lets owners enjoy the benefits of their NFTs without putting them at risk, while also making it easy for companies to leverage tokens as an extension of their brand – whether in the real world or online. The mobile app creates dynamic QR codes to authenticate and unlock the value of NFTs; whether that’s access to an invite-only event, a membership benefit, or a retail experience – in the real world or online. Companies using tokenproof for verification can customize the experience with flexible authentication rules, such as VIP access, discounts, or exclusive content.
Funding
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