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OWND Completes Pre-Seed Financing to Launch Fashion NFT Platform

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On February 28, the fashion NFT platform OWND announced the completion of US $750000 pre-seed round financing. The Nordic venture capital companies Founders an…

OWND Completes Pre-Seed Financing to Launch Fashion NFT Platform

On February 28, the fashion NFT platform OWND announced the completion of US $750000 pre-seed round financing. The Nordic venture capital companies Founders and Skyfall jointly led the investment, and the blockchain technology community SteelDAO supported by Bessemer Venture Partners participated in the investment. The OWND platform is planned to be launched in April this year, and will support customers to use Apple Pay or credit card to purchase NFT launched by Nike, Adidas, Gucci and other market brands. （apparelresources）

Fashion NFT platform OWND has completed $750000 pre-seed round financing

Interpretation of the news:


OWND, a fashion NFT platform, has announced the completion of a pre-seed round of financing worth $750,000. This round was led jointly by venture capital firms Founders and Skyfall, with participation from SteelDAO, a blockchain technology community backed by Bessemer Venture Partners. The platform is expected to go live in April 2021, allowing customers to purchase NFTs launched by popular brands such as Nike, Adidas, and Gucci using Apple Pay or credit card payments.

This announcement follows a trend in the fashion industry where brands have increasingly embraced digital ownership and the use of blockchain technology. NFTs or non-fungible tokens refer to unique digital items that can be bought, sold, and traded on blockchain platforms. NFTs’ unique digital scarcity and authenticity have made them attractive to collectors and investors alike.

The OWND platform aims to make NFTs more accessible to everyday consumers interested in fashion. By partnering with established fashion brands, OWND can offer consumers the opportunity to own unique digital fashion assets, such as limited-edition sneakers, clothing, and accessories. With the platform’s support for Apple Pay and credit cards, OWND is balancing the ease of use of traditional e-commerce and the scarcity of NFTs.

The participating investors are known for their successful investments in blockchain technology startups. Founders previously invested in several European startups, including the decentralized crypto exchange, Uniswap. Skyfall is a venture capital firm focused on blockchain technology and cryptocurrencies, while Bessemer Venture Partners has backed various blockchain projects in North America.

In conclusion, OWND’s pre-seed funding round and its planned launch in April 2021 show a growing interest in the intersection of fashion and blockchain technology. This new market will allow consumers to own unique digital fashion assets and invest in their value. It is exciting news for both fashion enthusiasts and investors alike.

In summary, the OWND announcement highlights the potential of blockchain-based NFTs in the fashion industry, indicating an increasing interest in digital assets in the industry. The title, “OWND Completes Pre-Seed Financing to Launch Fashion NFT Platform,” and the keywords, “Fashion NFTs,” “Pre-Seed Financing,” and “Blockchain Technology,” convey the exciting development for this nascent market.

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