Web3 Platform Metasky Has Secured USD 1.8 Mn In a Pre-seed Round Co-led By Sequoia Capital India and Woodstock Fund


Web3 platform Metasky recently said it has secured a pre-seed funding of $1.8 million in a round co-led by Sequoia Capital India and Woodstock Fund. The company said its platform bridges the gap between influencers, creators and brands and help them form a Web3 strategy for their followers.

Founded in 2021 by Ankit Arora and Prakhar Sharma, Metasky offers user-friendly tools for buying, storing and using non-fungible tokens (NFTs). According to the startup, it is launching a user-friendly Web3 wallet that democratizes access to the decentralized world.

Its Web3 wallet allows a user to buy and hold NFTs and other crypto tokens. The wallet can also be integrated with an existing app or website, and that integration will convert the concerned website or app to a Web3 app.

Recently, Metasky has also launched its first project – a community-led play-to-earn game called ‘Tanukibles,’ a word derived from the Japanese word Bake-danuki (化け狸), which are a kind of yōkai, or supernatural beings.

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Metasky said that a user can become a part of the production team for Tanukibles by buying one of the 9,999 limited edition Tanukis. The startup will put some up for sale in April, while it will also reserve a share of Tanukis, to award them to community participants on merit.

With Web3, startups are able to get the same amount of processing power as large centralized companies such as Google and Meta. Since Web3 is decentralized, it has a vast amount of data resources at its disposal.

“This round of fundraising was focused on growing the team and getting the product built and ready for the various user communities. The funds will empower Metasky in developing ‘SkyWallet’, designed especially to store every Web3 possession at a single place and ‘SkyClub’, a decentralised community platform,” Metasky co-founder Ankit Arora 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” said Shailesh Lakhani, Managing Director at Sequoia India.

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