The startup has secured $4 million in seed capital headed by Kenetic, in collaboration with Monochrome Capital, Sound Ventures, Tribe Capital, and angels from Coinbase, IntoTheBlock, and People.ai, all of which are professionals in the crypto sector. Furthermore, significant NFT businesses such as Yat, Dapper Labs, and Mintable have cooperated to use the API for their technology.
Mnemonic serves as a network level for the next generation of NFT firms. Its API data platform lays the groundwork for further NFT-based apps, giving developers a platform from which to access and construct new applications and better goods, therefore simplifying the arduous job of gathering and analyzing data at lower costs. The platform is unique in its sort, and it will be crucial in revamping the infrastructure layer, delivering rich data and insights to the next generation of NFT enterprises. Furthermore, its dashboards will allow collectors and aficionados to keep track of their favorite items.
Mnemonic has collaborated with well-known NFT firms such as Gutter Cat Gang, Lazy Lions, and World of Women to create the platform’s initial edition.
The founders have extensive experience in large-scale infrastructure, artificial intelligence, massive data collection, data science, machine learning, and product design. According to the inventors, the platform may be used for more than only accumulating NFT data. It can also be used for verification of luxury products, virtual marketplaces, creative tools, and games. Mnemonic has been described as a “pick-and-shovel for the NFT industry, pioneering next-generation data and B2B NFTs for use in financial and enterprise ecosystems.”
Patrick
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Miami, Florida, 13th November 2024, Chainwire
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