Apr 30, 2024
STYLE Protocol, a platform that transforms NFTs into 3D assets usable in any game or metaverse, has raised $2.5 million in seed funding. The funding round was led by Morningstar Ventures and included investments from Dutch Crypto Investors, GBV Capital, Protocol Labs, and Alpha Ventures. This capital will be used to enhance STYLE Protocol's operations and development efforts, advancing its mission to revolutionize the gaming industry.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
STYLE Protocol | Apr 30, 2024 | $2.5M | Seed | $2.5M | Morningstar Ventures | Gaming |
STYLE Protocol's native utility token, $STYLE, has been listed on major exchanges including Bitget, MEXC, and the decentralized exchange Uniswap. Holding $STYLE unlocks access to exclusive products and enables the interoperability of in-game assets, such as objects and weapons, across different games and virtual environments.
The protocol's infrastructure allows non-fungible tokens to become multi-world assets that can be bridged across various blockchains. For example, a Bored Ape NFT owner can rent their asset out as an in-game avatar, creating new revenue streams. This interoperability fosters greater flexibility and accessibility for gamers.
About STYLE Protocol:
STYLE Protocol aims to help gamers transcend identity across the multiverse, allowing NFTs and other virtual assets to be used in any game, anywhere. By focusing on interoperability, STYLE Protocol enhances adoption, removes barriers to entry, and delivers a world-class experience for players. Built on Polkadot, STYLE Protocol benefits from a "blockchain of blockchains" structure, enabling it to interact with multiple EVM-compatible chains like Ethereum, Binance Smart Chain, Polygon, and Avalanche.
Website: https://www.protocol.style/
Twitter Account: @STYLEProtocol
Twitter Followers Today: 223k
Investor Profile:
Investor: Morningstar Ventures
Description: Morningstar Ventures is an investment firm focused on early-stage technology companies. The firm supports projects that leverage innovative technologies to drive industry advancements and create new market opportunities.
Location: Dubai, UAE
Website: https://morningstar.ventures/
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