Based mostly, a Los Angeles, CA-based communication platform constructed round NFTs, raised $3.5M in pre-Seed funding.
The spherical was led by Development Fund with participation from Hannah Gray, Collab+Foreign money, Palm Tree Crew, Franklin Templeton, GFR, and crypto-focused angels and influencers together with SolBigBrain.
Led by Adam Lurie, Based mostly allows customers to floor NFT content material from their mates and communities to share between smaller token-gated teams and personal chats. Beginning with Solana, Based mostly’s customized feeds make it simple for customers to see related NFT exercise from their mates and teams in addition to pertinent info from NFT tasks they comply with. In doing so, the platform reduces the tens of tens of millions of SOL transactions a day to the handfuls that customers personally care about. Customers can then simply share and focus on any of this content material with their mates and NFT inner-circles.
Based mostly is launching with MKRS, a customized NFT assortment that segments holders into micro-communities, creating a possibility for deeper engagement between customers inside the app. The financing will fund core operations so NFT proceeds may be recycled again into the MKRS neighborhood.