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| The AlleyWatch Startup Daily Funding Report: 6/7/2022 Posted: 07 Jun 2022 08:27 AM PDT The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/7/2022 featuring funding details for Ethena, Nextiles, and much more. |
| Posted: 07 Jun 2022 06:27 AM PDT 68% of consumers used a digital wallet in the last 12 months. While there are a number of factors that have led to the adoption of digital wallets, one of the largest determinants of a wallet's usefulness is the ability to pay friends and vendors within your established network. One of the defining features that led to Venmo's meteoric growth was its keen understanding and implementation of its signature public social feed. Primitives is a platform that features an embedded crypto wallet that's also added robust social functionality to make NFT collection and wallet adoption seamless, collaborative, and fun. The company allows users to easily create and distribute their own Primitives NFTs without deep technical knowledge or convoluted processes and the wallet is able to hold any type of NFT. Primitives is built on Solana to ensure that all transactions have low transaction fees and are energy-efficient. The platform is focused on both the needs of sophisticated crypto holders as well as for those that are foraying into the world of NFTs by harnessing existing connections and taking advantage of network effects. The wallet is free for users and the company earns revenue from royalties on the secondary sale of any of its NFTs originated on the platform. AlleyWatch caught up with Primitives Founder and CEO David Gabeau, a former VC at USV, to learn more about the business, the company's strategic plans, recent round of funding, and much, much more... |
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