Lysto, a first-of-its-kind NFT startup, has raised $3 million in a seed round from BEENEXT, Cloud Capital, Better Capital, and other investors to democratise the global adoption of NFTs.

Renowned angel investors and entrepreneurs from the crypto and internet Industry, including Binny Bansal (co-founder, Flipkart), Sandeep Nailwal and Jaynti Kanani (co-founders, Polygon), Nitish Mittersain (Founder, Nazara Games), Kunal Shah (founder, CRED), Ashish Hemrajani and Parikshit Dhar (co-founders, BookMyShow), Anupam Mittal (Shaadi.com), among others also participated in the funding round.

The startup plans to utilise the freshly raised funds for product development. Additionally, the funding will allow Lysto to invest in the expansion of its team that will help achieve its mission of furthering and simplifying the adoption of NFTs.

Lysto | Democratising The Global Adoption Of NFTs

Founded in 2021 by Sadiq Ahamed, Lysto is building APIs, Tools & Infrastructure to enable the creation & distribution of NFTs across platforms with a few clicks or a few lines of code.

With offices in Bengaluru and Singapore, Lysto is simplifying the adoption of NFTs and working with a mission to take NFTs to the next billion users through millions of use cases via thousands of platforms they currently use.

Speaking on the development, Sadiq Ahamed, Founder and CEO of Lysto, said,

“NFTs are becoming an integral part of business and culture. With its applications across industries, it is a multi-billion dollar industry, which is largely restricted to digital art and collectibles currently. As the market expands, we see that every e-commerce player, every production (entertainment, gaming, animation), and every brand would want to launch NFTs to raise funds and monetise their offerings.”

The NFT startup is uniquely positioned to drive global adoption of NFTs as its APIs, tools, and infrastructure enables anyone – from developers to creators to brands – with minimal or no knowledge of blockchain technology to reap the benefits of NFTs.

As per Lysto, any business or developer can integrate Lysto’s NFT solutions with their digital offerings with just a few clicks.

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