Wincast, a New York-based provider of an NFT platform for live sports, raised USD675K in Pre-Seed funding.
The round was led by CoinFund, with participation from BNB Chain Fund and Dream Ventures.
The company intends to use the funds to progress the development of the platform, and acquire new users across a range of digital mediums.
Led by Noah Kline, CEO and Founder, Wincast is an interactive NFT platform for live sports that enables users to bid, own, trade or sell NFTs of some of their favorite moments in sports history. The platform facilitates a live streaming experience which allows users to watch the sporting events they’re bidding on in real-time and through the use of a proprietary dynamic minting engine, deliver those NFTs to a user’s wallet without any interaction.
The first phase of Wincast’s launch will feature a live streaming infrastructure where users watch the sporting events they’re bidding on in real-time, enabling an immersive, interactive experience. Another component of the platform includes a proprietary dynamic minting engine that allows Wincast to capture linear sports feeds, edit the video down to collectible size, input it into a predetermined template, and deliver it to a user’s wallet without any interaction.