What is Based?
Based is developing a novel platform designed to streamline the sharing of NFT content within smaller, token-gated groups and private chats. By leveraging NFTs, the company aims to redefine how individuals build and maintain relationships in an increasingly digital-first world. The platform's core functionality allows users to easily discover and share digital collectibles, fostering a sense of community and shared ownership among friends and like-minded individuals. This strategic focus on community-driven NFT engagement positions Based as a key player in the evolving landscape of digital ownership and social interaction.
How much funding has Based raised?
Based has raised a total of $3.5M across 1 funding round:
Other Financing Round
$3.5M
Other Financing Round (2022): $3.5M with participation from Hannah Grey, Progression Fund, Franklin Templeton, GFR Fund, Palm Tree Crew, and Collab+Currency
Key Investors in Based
Hannah Grey
Hannah Grey is a thesis-led venture capital firm that invests in early-stage companies with founders who are redefining customer experiences. They primarily invest in the US, targeting pre-seed and seed stages.
Progression Fund
Progression Fund is a venture capital firm operating in the Venture Capital & Private Equity industry, headquartered in the United States, focusing on early-stage investments.
GFR Fund
GFR Fund is a San Francisco-based venture capital fund that invests in early-stage consumer technology startups, focusing on pre-seed, seed, and Series A funding, particularly in emerging markets.
What's next for Based?
With the recent major strategic investment, Based is poised for significant scaling and product enhancement. The company's enterprise-level funding context suggests a move towards broader market penetration and the development of advanced features to support its vision of transforming digital relationships through NFTs. Future initiatives will likely focus on expanding user acquisition, enhancing platform security, and forging strategic partnerships within the Web3 ecosystem. This capital injection will empower Based to solidify its market position and innovate further in the dynamic NFT and digital community space.
See full Based company page
