Ayoken raises $1.4 Million Pre-Seed to Construct Africa’s First NFT Market

Based by Joshua King in 2021, Ayoken, the primary platform for purchasing unique digital collectables, and social tokens from the musicians, sports activities manufacturers, creatives, and influencers from Africa, and the worldwide diaspora, has launched its personal NFT Market after elevating $1.4 million in its pre-seed funding spherical.

Buyers that participated on this spherical embody Founders Manufacturing facility Africa, Texas-based Kon Ventures, European-based Enterprise Capital collective Crypto League, Ghana-based R9C Ventures, and Maximus Ventures.

“Our imaginative and prescient is to be the world’s main NFT Market that serves and companions with each A-list and rising musicians and celebrities all through Africa and the worldwide diaspora,” stated Joshua King.

“We wish to allow creators and artists to monetize their work whereas guaranteeing that buyers should purchase collectibles and unique content material in a significant means, backed by blockchain know-how” added Joshua King.

The funds shall be used to additional develop the platform and create extra alternatives for progress resembling secondary marketplaces, curated wallets, integration with playing cards, and cellular cash. It can additionally assist safe partnerships with telecommunication corporations, fintechs, extra artists, and celebrities because it retains rising a worldwide workforce throughout Africa, Europe, Asia, and the US.

The London headquartered firm has partnered with Dennis Nana Dwamena, higher often called KiDi, an award-winning Ghanaian highlife and afrobeats singer-songwriter for his first NFT drop on 1st of June. Holders of KIDI’s NFTs will get entry to non-public digital events, unique content material, in addition to discounted tickets for future performances.

“This unique drop will give KiDi’s followers a way of possession in his success” added Joshua King.

The market measurement for digital collectables often called NFTs is catching as much as that of the normal artwork market. In 2020 the NFT market was valued at simply over $250M. By the tip of 2021, {the marketplace} for non-fungible tokens, that are digital items of artwork tied to blockchain know-how, reached a $41 billion worth, in response to blockchain knowledge firm Chainalysis.

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