Lysto, a startup focused on NFTs that was founded this year, raised $3 million from BEENEXT, a VC firm that focuses on founders, Cloud capital, and other important investors to facilitate the adoption of NFTs globally.
The raised seed funding will help Lysto with both product development and investment in the expansion of its team.
The startup launched a mission hashtag #NFTeverywhere and aims to take NFTs to over 4 billion internet users.
In particular, Lysto will enable anyone, even those with basic knowledge of blockchain technology, to benefit from NFTs. Businesses and developers will be able to easily integrate NFT solutions with their digital offerings with just a few clicks.
“The NFT is becoming an integral part of business and culture. This is a billion-dollar industry with applications across industries, although it relates largely to digital art and collectibles at the moment. As the market expands, every online retailer, every production company (entertainment, gaming, animation), and every brand will want to launch NFTs to raise funds and monetize their offerings,” said Sadiq Ahamed, CEO of Lysto.