Heaptalk, Jakarta — A Singapore-based web3 company, AWST, has gained a seed round capital of up to USD1.7 million led by East Ventures. This round is also supported by the 500 Global and Antler. Coinciding with this investment, the company launched AWST platform on October 25th for the public.
After securing this new injection and accomplishing the official launch, the AWST team intends to build complete tools and platforms to connect organizations with NFT projects to facilitate a value exchange in the real world.
As revealed in the press release, The Principal of East Ventures, Devina Halim, recognized the Web 3.0 concept as a new paradigm transformation and has become attention for the coming years. She also estimates this ecosystem would possess tremendous opportunities to be explored deeper.
“We support the foremost and clever entrepreneurs like the AWST founders, Arun and Aleksandar, to contribute to multiple brands and creators to establish a meaningful community. They also enable the brands to realize their valuable notions through the NFT platform. We are greatly enthusiastic about this cooperation with the AWST team,” explained Devina.
Established by Arun Sugumaran and Aleksandar Abu Samra in October 2020, AWST proffers the Web3 concept to several brands by creating a new platform devoted to the users commencing NFT collections in diverse optimized blockchain protocols for every project. The AWST solutions are easily integrated into a technology-based framework of enterprises more simply and smoothly. The expertise of AWST will assist users in combining a utility into the integrated platforms to build a robust foundation for clients to manage a developed Web3 ecosystem.
Bringing a vision to create a more accessible Web3 and NFT ecosystem to attract investors, the AWST team has partnered with an online-based financial service, Stripe, to simplify an NFT mainstream transaction. As an official statement explains, this fintech platform has served many business sectors in 46 countries to present a feasible NFT transaction commercially for business. The effort aims to position NFT for mainstream adoption by incorporating functions and utilities, covering memberships, tickets, and vast experiences through technology.
“Web3 ecosystem has developed significantly, and businesses aim to link with their customers through the new scheme to obtain new users of the NFT community. We believe that our technology has delivered a proper ecosystem to guide our clients in broadening their business and engagement through the Web3 and NFT platforms,” The CEO of AWST, Arun, said in a statement.