NFT Apparel Closes a successful Pre-Seed Raise
Aug 17, 2022
Australia - August 17, 2022 /MarketersMEDIA/ —
NFT Apparel has continued to build partnerships, make waves in the crypto space, and successfully closed its first round of funding.
Established as an Australian company in December 2021, NFT Apparel has worked on building logistical and manufacturing partnerships around the world. They offer a suite of web3 solutions based around NFT utility.
Their primary utility is the Monetisation of NFTs (blockchain digital artworks) through merchandising and a “code free” minting dapp generator that allows any artist to create a mint event with zero code required.
The company held a private pre-seed investment round in May 2022 and has confirmed the details of their raise to the public this week.
The pre-seed round successfully raised $125,000 USD for the company giving NFT Apparel a valuation of $10,000,000 USD.
So, what is it that has investors excited?
Firstly, the protocol will consist of a Marketplace where NFT holders can stake their favourite NFTs; these staked NFTs then become available on Apparel and Merch for anyone around the globe to purchase.
When a sale is made, of say, a shirt using an NFT design, the NFT holder will receive a % of the Profits from that sale while the rest of the net profits are redistributed to the $NFTA token holders.
The Ecosystem is aimed to revolutionise e-commerce by bringing the fashion and crypto world together in a way never done before, while the revenue redistribution methods involved reward participation in the protocol from artists to NFT holders and investors.
In a recent AMA, the CEO and Co-Founder Ben Guihot commented on the company's goals.
“We are bringing real-world revenue streams on-chain and providing utility to every NFT alongside the potential for anyone with an NFT to make a passive profit through merch sales and create a real-world physical brand from their artwork in a matter of minutes.
Having an ecosystem that operates in Fiat currency and Cryptocurrency, Fashion and Blockchain are bringing the best of both worlds to the table. Many coins out there have no utility or real reason to exist other than hype. We want to show that the blockchain can be used for genuine business applications and that true revenue streams can be built in.”
The Team is set to work and has since released a wave of builds and updates to the protocol. Firstly, launching a Multi Chain NFT Marketplace that services Ethereum, BSC, Polygon, Avalanche and Metis NFT collections. They have also launched the web2 portion of the protocol and partnered with multiple collections to provide Official merchandise ranges as well as the early stages of the create your own functionality.
The next release is set for this week, with the Minting as a Service (MaaS) to go live on multiple chains. The MaaS will provide yet another differentiator from the competition (as if NFT merchandising was not enough) by enabling anyone with a set of traits or images to upload them and generate a code-free minting dapp, complete with customisable page design and a fully deployed smart contract.
“We saw a huge barrier to entry in the NFT space for artists. Sure, they could create a collection or an NFT through a marketplace, but to hold a mint even, you needed to either be a coder yourself or know someone who was. We are completely removing that barrier and changing the game by offering code-free mint events of up to 10,000 mints per collection.
Moreover, the creators then have automatic utility for their collections and can build brands around their art by being within the NFT Apparel ecosystem. With a few clicks of a button, they can also have a complete Apparel or Merchandise range, and their collectors can too.”
NFT Apparel is set to hold its first stage Public Seed sale in September 2022. The tokens will be available for purchase on Ethereum, Polygon, BSC and Avalanche with Metis to be confirmed, and at last check, the Whitelist spots are already going fast. This project is certainly worth keeping an eye on in the lead-up to the token sale!
Contact Info:
Name: Bronwen Gien
Email: Send Email
Organization: Change Digital Marketing
Website: http://www.changedigitalmarketing.co.za
Release ID: 89080214
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
More Chinese banks likely to adopt AI rules after Ping An move: analysts
After Ping An Bank became the first listed Chinese lender to formally adopt rules governing its use of artificial intelligence, analysts said more mainland institutions were likely to follow, with the move setting an early benchmark for how far the sector can go in applying the technology. The Shenzhen-listed bank said in a filing on Wednesday that its board had approved AI management measures, following a regulatory push for banks to strengthen oversight of AI use. The full rules have not been...
EXPLAINER: What to do when driving in haze-affected areas
The Department of Health advised motorists to be alert and take extra precautions when driving in areas affected by haze and unclean air, such as Negros Occidental, Negros Oriental, Siquijor, Cebu, Bohol, and all provinces in Mindanao.
Indonesia Representative Offices: What They Can and Cannot Do
Foreign companies can establish representative offices in Indonesia: KPPA, KP3A, and KP BUJKA, each with specific rules and limitations.
Vietnam Emerges as the European Union’s Top Trading Destination Within Southeast Asia
Vietnam leads ASEAN as most attractive for European business expansion, with 64% planning investment growth over five years. Indonesia follows at 57%, while Malaysia and Thailand lag at 49%. Vietnam's appeal combines market opportunity, established business presence, and supply chain resilience needs.
Thailand Business News — Morning Briefing
Thailand & Asia | 3 October 2026 Thailand flood losses climb toward THB69 billion as agriculture, factories and exports come under pressure Thailand’s flooding is emerging as a much larger economic shock than the initial urban disruption suggested. A new assessment from Rangsit University puts losses across the agricultural supply chain at THB69.1 billion, equivalent […]
What about cable cars for high-value crops from mountains? Suggestion made in budget hearing
The chairman of the House Committee on Agriculture and Food suggested using cable cars to transport high-value crops from mountain areas as a cheaper, easier way to move goods compared to farm-to-market roads.
LPG prices to rise by P18/kg in October
The price of liquefied petroleum gas (LPG) is expected to rise by P18/kg in October due to the ongoing Middle East conflict.
McDonald’s sells Hong Kong shop for US$15.3 million as ‘old money’ returns to retail
As “long-dormant old money” steps back into Hong Kong’s retail property market, McDonald’s has sold the property housing its first New Territories restaurant for HK$120 million (US$15.3 million), extending its year-long sell-down of self-owned shops. The property at 10-22 Tsuen Wan Market Street, spanning the ground floor to the second floor, was sold to Keen Charm Holdings (HK) Limited, with the agreement for sale signed on August 31, according to the Land Registry. Company Registry listed Ngan...
PH, Singapore conclude talks on updating 5-decade-old pact vs. double taxation
The Philippines and Singapore have concluded the negotiations for updating a pact entered into by the two neighboring countries nearly five decades ago to prevent double taxation.
Clara Chan retains helm at HKIC as HK$62b state fund aligns with city’s 5-year plan
Hong Kong Investment Corporation (HKIC) has extended the tenure of its current CEO, Clara Chan Ka-chai, for another three years as the city vows to boost emerging industries in its first five-year plan. The wholly government-owned investment vehicle, which manages HK$62 billion (US$7.9 billion) in funds, announced that Chan would stay on as head through October 2029, according to a statement on Friday. “I look forward to Clara’s continued leadership of the HKIC over the next three years,...
GCash-Mynt's P6.60 IPO price brings investment closer to more Filipinos --solon
A member of the House panel on banks and financial intermediaries said Friday that the P6.60 final pricing of the initial public offering of Mynt Inc., the parent company of mobile wallet GCash, could bring ownership of the digital platforms within reach of a broader base of Filipino investors.
SSS LoanLite offers P1K to P20K loans for qualified members' immediate needs
The Social Security System (SSS) on Friday called on its members to avail of the pension fund"s new digital microloan facility, the SSS Micro Loan Program, also known as SSS LoanLite.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.