AcknoLedger, a global consortium that maps, monetise and distributes Web3.0 digital assets, raised USD 1.53 million in initial seed round and private sales from more than 30 venture capital investors on 16 October 2021.

Investors: Momentum 6, Basics Capital, Krypital Capital, Shima Capital, Magnus Capital, X21, NFT Tech, Mayor Capital, Mahadao, Gain Associates, Oasis Capital, Amesten, Nord finance, Blockventure, AU21, Synapse Network, RedHat Capital, Pro starter, Kardia Ventures, Baselayer Venture, Zbs capital, Carl Runefelt and Evan Luthra contributed to this round of funding.

The Objectives behind the funding: AcknoLedger plans to expand, grow and partner with more fintech companies. The company also intends to emerge from stealth mode in October 2021.

About AcknoLedger

Source: Company’s LinkedIn profile

Founded in April 2021 by Abhishek Singh Rajpurohit, Kuntal Ganguly and Yash Dahenkar, AcknoLedger is a Global platform that maps, monetises, and distributes Web 3.0 Digital Assets Seamlessly across all the Metaverses and Gaming NFTs. It enables NFT collectors to make informed decisions. The firm’s content is distributed and marketed across multiple metaverses by mapping interoperability and exploring trading opportunities for institutional and retail investors.

What the Founders have to say:

“We firmly believe in the Metaverse and Gaming NFT space and the potential it holds for the future. This round of investment validates our belief, and we are excited to receive the trust and backing of such experienced blockchain investors who are in investing in the future with our team of pioneers in the blockchain space,” said AcknoLedger co-founders – Yash Dahenkar, Abhishek Singh Rajpurohit and Kuntal Ganguly.

What the Investor has to say:

Serial entrepreneur and angel investor Evan Luthra said, “Very happy to support Acknoledger as I believe Metaverses and NFTs are the future, and Acknoledger is fixing a unique problem in the space with a high potential to grow! With an all-star team of backers, I believe the team should be able to execute on the vision properly to create massive value for all stakeholders involved!.” 

The Covid-19 has raised the global interest in the metaverse, which means beyond the universe. It refers to a virtual environment where land, avatars, building and even names can be bought and sold, often using cryptocurrency. Emerging platforms are powered by blockchain technology and non-fungible tokens (NFTs), providing a new kind of decentralised digital asset to be monetised, built and owned. According to Economic Times, the NFT market has increased during the pandemic with USD 2.5 billion in sales for the first half of 2021, compared to just USD 13.7 million a year ago. AcknoLedger is also operating in the same space and believes in the potential it holds for the future.

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Manish writes about the startup ecosystem on VCBay. He is pursuing Master of Commerce from Delhi School of Economics, University of Delhi, and is passionate about the world of finance, information technology & entrepreneurship.



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