Splyt Core, a Los Angeles, CA-based maker of an open source ecommerce protocol built around the eNFT, raised a total of $2.75m in funding.
Backers included Master Ventures, Bigcoin Capital and Kyros Ventures.
Splyt Core is an e-commerce NFT infrastructure that connects e-commerce stores, brands, and affiliates by standardizing the Transmission Control Protocol for E-Commerce Non-Fungible Tokens (TCP/eNFT) – a decentralized e-commerce ecosystem regulated by internal protocol for fairness and governed by consensus for flexibility. The Splyt Core App allows existing e-commerce stores to Plug and Play, integrating into the layer-2 eNFT infrastructure. Current plug-ins include Shopify, Woocommerce, and Magento.
Led by Cyrus Taghehchian, CEO and Founder, Splyt deploys a unique multilayered network that includes companies, cooperatives, and foundations which is designed to ensure cooperation, compliance, and user engagement at every level.
The first use case is Maison Du, built to cater to the luxury industry, and will launch with over 2000 brands, affiliates, and stores.
The company intends to use the funds to expand to more brands and to develop technology, build apps, and marketing their message.