Revel, an NFT or “social collectibles” platform, raised $7.8 million in seed financing led by Dragonfly Capital, the startup’s CEO, Adi Sideman, exclusively told TechCrunch.
“One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said.
Instagram is known as a social media platform while Robinhood is known as an investing and trading platform. Revel blends them both, helping consumers build a “portfolio of media [and] of the people they collect,” Sideman said. (As a side note, Instagram announced earlier this month that creators on its platform will soon be able to create their own NFTs and sell them directly to fans, both on and off the visual social network.)
Revel’s marketplace allows ...
