Singapore’s AWST Raises $1.7M Funding Led by East Ventures – TechNode Global
Summary
Attendees are encouraged with rewards from POAP NFTs.AWST was founded on October 2020 by Arun Sugumran and Alexander Abu Samra. The company brings Web3 to brands by creating a platform for users to launch NFT collections across various blockchain protocols that are customized to the needs of each project.AWSTs solutions can be seamlessly integrated into existing technology infrastructure. Their expertise helps incorporate usability to these platforms, creating a strong foundation for customers to take advantage of the growing Web3 ecosystem.Stripe is valued at $94.4 billion, and the online payment processing company serves businesses in 46 countries. AWSTs collaboration with Stripe is a major step towards making NFT transactions commercially viable for businesses.The joint effort is set to propel NFTs to mainstream adoption by binding functions and utility such as subscriptions, tickets and extended experiences through technology.AWSTs vision of making Web3 and NFT accessible to all has sparked investor interest.East Ventures believes that Web 3.0 is a multi-year theme and paradigm shift. We look forward to partnering with the AWST team, said Devina Halim, Principal, East Ventures.AWST said it is excited about the adoption of NFTs in the future and has seen how the previous traction with their NFT vending machines at the National Gallery reflects the general publics increasing reception towards Web3.The Web3 space is evolving rapidly, and businesses are looking to engage with their existing customers in new ways and gain new customers from the NFT communities,We believe we have the right technology infrastructure, and experience to guide our customers to expand their business and engagement capabilities through Web3 and NFTs.