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As a bridge between Web3 and content creators, Indian startup Metasky picks up $1.8M

Image credits: Metasky

Metasky from India is a platform at the intersection of Web3 and the creator economy. Now, it has picked up $1.8 million in a pre-seed token sale round that was led by Sequoia Capital India and Woodstock Fund.

These assets can then be used to provide exclusive benefits to token holders. These benefits range from unlockable digital content of your favourite creators, exclusive chat rooms and live streams, to backstage access into their offline events.

Commenting on the fundraise, Ankit Arora Co-Founder at Metasky said, “Metasky itself is organised as a decentralised community. It is the most efficient way of aligning a group of people towards a shared goal. We want to walk the talk that decentralisation is important, but it is a means to an end. Concepts like NFTs only make sense if they are accompanied with a strong set of utilities, a passionate community, and real governance rights. We are building Web3 tools to serve this purpose.”

“Ankit and Prakhar are accomplished company builders, and we are excited to work alongside them as they create a holistic platform for NFT communities.” Shailesh Lakhani, MD, Sequoia India.

Launches Web3 wallet

Furthermore, Metasky has launched a user-friendly Web3 Wallet that democratises access to the decentralised world by making it easy for anybody to buy and securely hold Crypto Assets (NFTs and crypto tokens). This Wallet can seamlessly integrate inside any existing website or application, thereby converting any existing app to a Web3 app.

Recently, Metasky has launched its first community-led project called “Tanukibles”, which is a play-to-earn game that started its journey as an NFT collection. Tanukis are animals native to Japan, deeply embedded in Japanese mythology. Anyone can become a part of the production team of Tanukibles by getting one of 9999 limited edition Tanukis. Some Tanukis are rewarded to community participants on merit, others are scheduled to be up for public sale in April.

Bridge to Web3!

Web3 is a set of technologies that give ownership of digital assets and data to end users. Ownership is given in the form of NFTs and Crypto Tokens. This new approach gives communities the same power that large centralised companies like Google and Facebook. It opens avenues for new business models that are more creator friendly.

Apparently, many companies across sectors want to use Web3 technologies to make them future-proof. Recently, a Congo startup Jambo raised funding to improve the economic prosperity of Africa. Also, the blockchain company Polygon got funded to build Web3 applications and Finnish Web3 platform Kleoverse raised funds to develop easier ways for talents to get hired online.

Metasky positions itself as a bridge to Web3 – working with influencers, creators, and brands closely to form a Web3 strategy for their followers with the help of its user-friendly tools for buying, storing, and using NFTs (non-fungible tokens).

For next-gen crypto, NFT communities

Metasky was founded in 2021 by Ankit Arora and Prakhar Sharma to elevate NFTs from just images into objects that are alive and packed with exclusive benefits. The Web3 platform is aimed at the next generation users of crypto and NFT powered communities, games, and experiences.

This platform aims to convert people from being mere social media followers into engaged members of a brand’s digital world. The company claims itself as a bridge to Web3 for influencers, creators, and brands by working with them closely to form a Web3 strategy for their followers.

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