Authentick Raises $4M for Mass Web3 Adoption via Digital Collectibles
Singapore-based digital collectibles startup Authentick has garnered significant attention and investment, with Menyala leading a USD 4 million Series A round. The company aims to drive mass Web3 adoption through innovative partnerships and platforms.
Authentick, creator of the Authentickator platform, enables users to browse, purchase, and verify digital collectibles without a digital wallet. The company plans to offer exclusive digital collectibles to its brand partners, expanding their reach to a broader audience. Parin Mehta, venture partner at Menyala, expressed excitement about Authentick's potential in this regard.
Authentick has already secured strategic partnerships with Lazada, TikTok, and Shopify. These collaborations allow users to purchase digital collectibles using traditional payment methods, further democratizing access to the Web3 space. Menyala's investment will support Authentick's expansion plans, including targeting South Korea, Japan, and Singapore as initial overseas markets.
Authentick's innovative approach to digital collectibles and strategic partnerships have attracted significant investment. With Menyala's backing, the company is well-positioned to drive mass Web3 adoption and expand its reach globally.
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