Metasky announced it has raised $1.8 million in a pre-seed token sale round led by Sequoia Capital India and Woodstock Fund.
Web3 is a set of technologies that give ownership of digital assets and data straight 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 have long monopolised – opening avenues for new business models that are far more creator friendly. Metasky’s platform aims to convert people from being mere social media followers into engaged members of a brand’s digital world, the statement said.
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.”
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, a statement said.
“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.
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