NFT-focused social platform Hyy.pe has announced that it has secured $2 million in the Elevation Capital led funding round.
The round also saw participation from angel investors including founders of Bankless – Ryan Adams and David Hoffman; Santiago Roel Santos from Ro Capital, Co-founder of DraftKings – Matt Kalish, Head of Crypto, Visa – Cuy Sheffield, along with Co-founder of ShareChat – Farid Ahsan.
Speaking on the announcement, Supriyo Roy, Co-founder, Hyy.pe, commented, “With Hyy.pe, a user can curate their NFT collection to serve as a main medium of self-expression. It pushes forward the idea that collectively the media you own, in the form of NFTs, can establish your individuality on the internet and help you connect deeper with communities. Hyy.pe wants to be a cohesive space for a million communities.”
Vaas Bhaskar, Principal, Elevation Capital, noted, “NFTs are very inherently social. The value of NFT is bolstered by the stories, interactions, derivatives, and provenance around them. We are at the cusp of new forms of social interactions and community formation that NFTs will enable. We are thrilled to partner with Supriyo and Scott to build such a social network.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.