Revise, a Nonfungible token (NFT) programming layer, has raised $3.5 million in a funding round led by AlphaWave Global and 8i Ventures.
The funding round saw participation from several angel investors, including Sandeep Nailwal (Co-founder of Polygon), Utsav Somani (Partner, AngelList), and Rahul Chaudhary (Co-founder of Treebo). Bharat Founders Fund, a group of founders and senior executives from several startups, have also invested in the round.
As per the startup, the freshly raised funds will be used for hiring and expansion.
Revise | Program Your NFT
Founded by Anil Dukkipatty and Raunaq Vaisoha in January 2022, Revise offers developers the rails to programme NFTs and interact with applications and data. It enables people to build their own interactive metaverse, taking NFTs from static images to interactive objects which can react to applications and real-world events.
Speaking about the development, Raunaq Vaisoha, Co-founder of Revise, said,
“As NFTs go from culture to utility, Revise aims to lower the barrier to programming NFTs. With Revise in their toolkit, developers can offer creative and powerful utilities to their community through their NFT without sacrificing governance.”
Anil and Raunaq previously founded Elemential Labs, a blockchain startup that worked with large enterprises such as the National Stock Exchange (NSE) and ICICI Bank, among others.
Sandeep Nailwal, the co-founder of Polygon, stated that he is excited to be on board this journey with Revise. He added that programming NFTs unlocks powerful new ways for artists and developers alike to express their creativity and bring people closer to becoming web3 natives.
NFT startups and marketplaces globally have given rise to an NFT economy that solves for digital flexing and unlocking value in physical and digital spaces with NFTs. Last week, cricket NFT platform Rario raised a $120 million Series A funding round led by Dream Capital.
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