Singapore-based Web3 company AWST officially launches on 25 October. Leading to its launch, AWST has raised up to US$ 1.7 million in funding led by East Ventures, with participation from 500 Global and Antler. AWST is also the first Web3 company in Asia to work closely with Stripe to facilitate mainstream NFT transactions.
Web 3.0 has emerged as the idea of a new kind of internet service built using decentralized blockchains — the shared ledger systems used by cryptocurrencies and NFTs. Proponents believe that Web 3.0 will create new economies, products, and services that will return democracy to the web instead of the current monopolies over who controls information and makes money.
Mighty Jaxx, an award-winning future culture company that designs and produces phygital collectibles, announced the first close of US$20 million in their oversubscribed Series A+ funding round, pushing the company’s valuation to over US$200 million.