The collectible trading custody platform MynaSwap has completed a $6 million seed round financing, with participation from Blizzard Fund and others

2022-10-06 22:46:49

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Chain Catcher news, the collectible trading custody platform MynaSwap has completed a $6 million seed round financing, with participation from Blizzard Fund (a fund in the Avalanche ecosystem), Spartan Capital, Wave Financial, and NFL stars Odell Beckham Jr. and Kyler Murray, with a financing valuation of $50 million.

It is reported that MynaSwap is built on the Avalanche network and is a platform for trading and custody of collectibles such as sneakers, cards, and watches. Users mail their physical collectibles to MynaSwap's vault for authentication, and if the items pass inspection, they will be stored in a high-security, temperature-controlled vault and minted as digital assets.

In addition, MynaSwap is a project in the web3 space by the team behind the Coolkicks sneaker chain. The Coolkicks brand is known for its flagship store located on Melrose Avenue in Los Angeles, which has attracted celebrities such as NBA player Ja Morant, NFL quarterback Drew Brees, and entrepreneur Gary Vee. (source link)

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