March 18, 2024
Bitbrand, the platform offering blockchain-certified luxury digital products with tangible utility, has raised $500,000 in its first funding round. Investors include Hustle Fund, Side Door Ventures, and GFR Fund. The funds will support the platform’s development and the launch of its initial digital content offerings.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Bitbrand | Mar 18, 2024 | $500k | Seed | $500k | Hustle Fund | NFT |
Bitbrand aims to change the interaction between luxury brands, artists, and consumers with digital assets. The platform addresses challenges luxury brands face in protecting their intellectual property and brand reputation in the digital space. Additionally, it provides end-users with tangible utility for their digital purchases, an area where many NFT projects fall short.
Bitbrand’s products are designed to be accessible, with prices starting at $50-$100. This range aims to attract a broad audience, similar to high-end perfumes and fragrances. The platform’s simplicity and utility are intended to appeal to both consumers and luxury brands looking to enter the digital space.
About Bitbrand
Headquartered in Los Angeles, Bitbrand is the first platform to offer blockchain-certified luxury digital products with tangible utility. The company aims to create a new world of digital luxury by allowing users to customize their personal devices.
Website: https://bitbrand.com/
X Account: https://x.com/BitBrandNFT
About Investor
Investor: Hustle Fund
Hustle Fund, the lead investor in this seed round, is known for supporting early-stage startups across various sectors. Their investment in Bitbrand underscores their confidence in the platform’s potential to transform digital luxury products.
Location: United States
Website: https://www.hustlefund.vc/
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