{"id":24502,"date":"2022-12-19T18:57:19","date_gmt":"2022-12-19T18:57:19","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/19\/revel-nft-social-collectibles-platform-nabs-7-8m-led-by-dragonfly\/"},"modified":"2022-12-19T18:57:19","modified_gmt":"2022-12-19T18:57:19","slug":"revel-nft-social-collectibles-platform-nabs-7-8m-led-by-dragonfly","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/19\/revel-nft-social-collectibles-platform-nabs-7-8m-led-by-dragonfly\/","title":{"rendered":"Revel NFT \u2018social collectibles\u2019 platform nabs $7.8M led by Dragonfly"},"content":{"rendered":"

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Crypto \u201csocial collectibles\u201d startup Revel.xyz<\/a>, said today<\/a> that it has raised $7.8 million in seed funding led by Dragonfly Capital to expand its product offering that it describes as a cross between Instagram and Robinhood.<\/p>\n

Other investors joining the seed round included USV, Polygon, Sfermion, 6th Man Ventures, Gaingels, Wagmi Ventures, Alumni Ventures, Global Impact Ventures, Hansa Labs and others.<\/p>\n

Revel provides a social media platform for the collectors of nonfungible tokens, which are a type of blockchain-based cryptocurrency asset that allows people to prove ownership of digital assets such as artwork, photos and videos. Using Revel, they will have a marketplace where they can create their own NFTs, then buy, sell and trade them as well as share them.<\/p>\n

\u201cThink of Revel.xyz as a cross between Instagram and Robinhood, wrapped in social game economics,\u201d said Adi Sideman, chief executive of Revel.<\/p>\n

Sideman said that allowing people to own personal assets, such as artwork and videos, will open up a whole new generation of digital media and that\u2019s where NFTs are going. This has been a long-sought-after value proposition for NFTs.<\/p>\n