India-based FanAnywhere, a startup that has developed the first online platform for celebrity NFTs, sports clubs’ NFTs, and NFTs of celebrities, raised an undisclosed amount on 13th December.
Investors: The investment round included several undisclosed angel investors and 16 venture capital firms. The VC firms include Oasis Capital, Scorpio VC, DeltaHub Capital, Dutch Crypto Investors, Hello Capital, Kangaroo Capital, Magnus Capital, ZBS Capital, HotBit Exchange, R-930 Capital, Halving Capitals, Mars Ventures, Unilayer Capital, MoonCarl, IBC Group, 7 oClock Capital.
Purpose of funding: The funds will be used to strengthen the technology and promote the brand more effectively. The startup also focuses on ‘reimagining’ the concept of fandom for Celebrities and their fans.
About FansAnywhere
Founded in 2021 by Varun Chaudhary and Amit Kumar, FanAnywhere is located in Delhi, India. FanAnywhere is a startup that develops the first online platform for celebrity NFTs, sports clubs’ NFTs, and NFTs of celebrities. Briefly, it is an Empowering Celebrity-Fan Ecosystem. The company is soon preparing its Initial DEX Offering (IDO) to become a one-stop blockchain solution for celebrities to engage their fan bases. As the Metaverse and NFT space gain increasing relevance for the future, the funding illustrates investors’ belief in the space.
What the founders have to say
“We are building the world’s first platform for utility-based Celebrity NFTs, and NFTs & Fan Tokens of sports clubs, which will open gateways to Metaverses for celebrities. The funding will be deployed in making the technology more robust and enhancing our reach with the emphasis on transitioning the Celebrities as well as their fans towards the future of fan following and the FanAnywhere way of ‘Reimagined Fandom’. The belief of investors and their support is invaluable for us as together we can create a successful social blockchain-based fraternity, bridging the emotional bridge between popular entities and their fans,” said Varun Chaudhary and Amit Kumar, Co-Founders at FanAnywhere.
What the investors have to say
“FanAnywhere addresses a rapidly evolving market where fans have longed to share in the success of their favourite celebrities. The project connects the fans to a celebrity’s fame, and is offering a collaborative opportunity to engage in a more meaningful way. We are buoyant about this space and excited to work with the brilliant team of FanAnywhere,” said undisclosed speaker at Magnus Capital.
“At present, a few blockchain-based platforms are being used in the industry. Some of them offer fan tokens, trade exchanging, and third-party integrations, with existing applications. However, there is currently no platform that offers all of it conveniently in one place. That’s where FanAnywhere comes in. FanAnywhere has been developed to support tokens, an NFT marketplace, trade exchanging, and third-party integrations. It has its native token called FAW and allows influential individuals and brands to create their own tokens for fan engagement. It goes one step further by enabling fans to utilize these tokens and NFTs in creative engagement activities developed by third-party integrations. We saw a great opportunity to be a part of FanAnywhere’s growth story and excited about the future”, said Artashes Sarkisjan, Co-owner at Dutch Crypto Investors.
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