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.
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