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Nametag, a Seattle, WA-based creator of a new standard for end-user identity verification with web3, raised $2M in Seed funding.
The round was led by GSRV and OKX Ventures, with participation from Coinbase Ventures, Alchemy Ventures, Continue Capital, Mask Network, and Project Galaxy, along with strategic angels Cryptodog, Spencer Yang, and Wesley Fei.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Victor Cheng, Nametag aims to bridge the gap between legacy social media and web3 with a cross-chain, cross-platform service for decentralized usernames and social identity. With the platform, users can install a Chrome or Brave browser extension to have their web3 username and digital collectibles displayed on sites like Twitter, Discord, and YouTube. Digital collectibles can be anything like NFTs, Achievements, or Nametag’s Noken. It supports all Ethereum, Solana, and Arbitrum assets, and will continue to add more chains as they gain popularity.
Currently, there are 150,000 users who have interacted with the Nametag ecosystem, of which 50,000 are unique holders.
FinSMEs
16/12/2022
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