THELOGICALINDIAN - The blockchainbased collectible and best sneaker aggregation Chronicled has aloof appear it has aloft 34 actor USD in a berry fundinground The startup founded in 2024 has created a aggregation of engineers in Silicon Valley to body a arrangement that advance the actuality and movement of this cossack The investments injected into the business came from the adventure basic firms Mandra Basic Colbeck and Pantera Capital
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Dan Morehead, Partner at Pantera Capital, said of the announcement:
Chronicled Raises $3.4 Million to Re-establish Trust In the Collectible Sneaker Industry
The Chronicled platform, which is accessible via the iOS App Store and Google Play, eliminates sneaker knock-offs awash aural the collectible cossack market. The collector’s account sneaker operations is a actual advantageous business. In 2014, the anniversary sneaker resale bazaar grossed $1 billion worldwide and continues to increase. However, affected items that are actionable copies affliction the industry and consumers accepting big-ticket rip-offs happens all the time. Counterfeits accept become so acceptable they are about duplicate from the originals and accept to be articular by the creators or experts. The San Francisco-based startup believes they can authorize a stronger acceptability and trust system aural the collectible cossack market.
Chronicled uses blockchain technology to cryptographically ensure accurate trades boss the resale market. The aggregation uses Acute Labels aural an accessible agenda anthology so it can clue “authenticity, ownership, and provenance.” The Chronicled aggregation has said to be accommodating with Identiv (NASDAQ: INVE) to develop these encrypted chip applications. The gain from its latest berry annular will be acclimated to body up the company’s chump abject and apparatus its tagging solution. The BLE acute tags will be a “first-of-its-kind encrypted” technology acclimated in the accoutrement business. Song-Yi Zhang of Mandra Capital is aflame to advance in this adventure stating:
The aggregation will activate its affidavit casework in the New York region about April 2016 and has been assuming off its actuality tags at sneaker conventions. Chronicled hopes to accomplice with companies in the industry as it did with Beastmode and Greats back in 2015. The startup hopes its service can advice the collectible ambiance and save consumers money. Its mission is to “re-establish assurance amid consumers and strengthen access amid brands and their customers.”
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Images address of the Chronicled website, and Pixbay
