Based, a Los Angeles, CA-based communication platform built around NFTs, raised $3.5M in pre-Seed funding.
The round was led by Progression Fund with participation from Hannah Grey, Collab+Currency, Palm Tree Crew, Franklin Templeton, GFR, and crypto-focused angels and influencers including SolBigBrain.
Led by Adam Lurie, Based enables users to surface NFT content from their friends and communities to share between smaller token-gated groups and private chats. Starting with Solana, Based’s personalized feeds make it easy for users to see relevant NFT activity from their friends and groups as well as pertinent information from NFT projects they follow. In doing so, the platform reduces the tens of millions of SOL transactions a day to the dozens that users personally care about. Users can then easily share and discuss any of this content with their friends and NFT inner-circles.
Based is launching with MKRS, a custom designed NFT collection that segments holders into micro-communities, creating an opportunity for deeper engagement between users within the app. The financing will fund core operations so NFT proceeds can be recycled back into the MKRS community.