Daily Markup

Daily Markup #619: AWST makes NFTs mainstream for brands; opening doors for more to join Web3 with US$1.7M funding

October 27, 2022 · 2 min read
Credit: AWST

Kickstart your NFT journey

  • Think non-fungible tokens (NFTs) are just for crypto bros? Well, 500-backed web3 startup AWST knows otherwise, and knows how to change that. 
  • With a total of US$1.7M raised in funding from 500 Global, East Ventures, and Antler, they’re ready to help you and brand owners — who are perhaps not (yet) web3-savvy but web3-ready — kickstart an image, video, or audio NFT collection with no code or cryptocurrency background.
  • Founded in October 2020, AWST is the first web3 startup in Asia to work closely with online payment leader Stripe for mainstream NFT transactions. Stripe serves businesses across 46 countries, and the partnership is a big step towards making NFT transactions commercially viable for companies. 
  • The real game changer here? This allows anyone to pay for NFTs in fiat with a credit card through Stripe — no crypto wallet required.  
  • AWST is excited about the future adoption of NFTs, and traction gained with their NFT vending machine at National Gallery Singapore shows the growing reception of the general public towards web3.
  • “The Web3 space is evolving at a rapid pace, and businesses are keen to connect with their existing customers in new ways and gain new customers from NFT communities,” said Arun Sugumaran, Co-founder & CEO.
  • “We believe we have the right tech infrastructure, and the experience to guide our clients to expand their business and engagement capabilities through Web3 and NFTs,” he added.
  • The team plans to build more tools to connect organizations with NFT projects that facilitate exchange of value in real life.
  • Congratulations to the AWST team!
  • Read the full story on TechNode Global.
Daily
0
Share
• • • KEEP READING

Daily Markup

  • Daily Markup is brought to you by 500 Southeast Asia & 500 Global

  • This website is updated as of August 3, 2022. All content herein is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed

    All users of this website should note these important Terms of Use governing the use of this website.

  • Copyright © 2022 500 Global | All Rights Reserved

  • Privacy Policy
    Terms of Use
    Code of Conduct