The SMS transmission NFT protocol Redeem has raised $2.5 million in a Pre-seed round of financing, led by Kenetic

ChainCatcher news, SMS-based NFT communication layer Redeem has raised a Pre-seed round of financing, led by Kenetic, with participation from VC3 DAO, CMT Digital, and Flyover Capital.

It is reported that Redeem was founded by Toby Rush, a former Alibaba executive and the founder of the biometric startup EyeVerify, aiming to provide infrastructure that allows users to access web3 using only their phone numbers, serving as a connection layer protocol unrelated to blockchain technology. (The Block)