What is Paper?
Paper is revolutionizing the digital asset space by enabling users to create wallets via email addresses and purchase NFTs using credit cards or existing crypto wallets. Operating across the Polygon, Ethereum, Solana, and Avalanche blockchains, Paper provides a frictionless entry point for non-crypto consumers into the NFT marketplace. This approach addresses a key barrier to adoption, making digital collectibles and assets more accessible to a broader audience.
How much funding has Paper raised?
Paper has raised a total of $7.3M across 1 funding round:
Angel/Seed
$7.3M
Angel/Seed (2022): $7.3M with participation from Initialized Capital and Electric Capital
Key Investors in Paper
Initialized Capital
Initialized Capital is a venture capital firm dedicated to supporting seed stage founders across various sectors including enterprise SaaS, sustainability, health, hard tech, artificial intelligence, infrastructure, consumer, and crypto. They focus on providing the necessary tools and guidance for entrepreneurs from the early stages to long-term success.
Electric Capital
Electric Capital is focused on investing in the next generation of founders within the Web3 and crypto space, emphasizing a unique investment approach that combines technical depth with insights into protocol design and security.
What's next for Paper?
With a major enterprise-level funding context, Paper is strategically positioned for significant scaling and expansion. The recent strategic investment signals confidence from backers in Paper's mission to democratize access to the NFT and broader digital asset markets. Future developments are likely to focus on enhancing user experience, expanding blockchain integrations, and forging new partnerships to solidify its position as a leader in the Web3 onboarding space.
See full Paper company page
