Aditya Hadi Pratama · · 1 min readEast Ventures leads $1.7m funding for SG NFT startup
AWST, a Singapore-based blockchain firm, has raised US$1.7 million in a funding round led by East Ventures, with participation from 500 Global and Antler.
Photo credit: Tech in Asia
Founded in October 2020, AWST integrates companies and brands into the Web3 landscape by helping them launch NFT collections across different blockchain protocols. Its services are used for NFT-based ticketing for events and it also has NFT vending machines, including those at the National Gallery Singapore.
Established by Arun Sugumaran and Aleksandar Abu Samra, AWST says that it is the first Web3 firm in Asia to work closely with payment giant Stripe for processing NFT transactions.
The startup plans to build more tools connecting various organizations with NFT projects that provide exchange of value in real life.
See also: National Gallery Singapore dabbles in blockchain and NFTs
AWSt’s funding round marks the latest in a slew of investments in Singaporean Web3 firms.
Recently, Web3 fitness app Gritti raised US$1.7 million in a seed round led by Lingfeng Innovation Fund. Payments infrastructure firm Suberra also announced earlier this month that it banked US$2.7 million over two rounds.
Editing by Miguel Cordon
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