Space Runners Raised $10M in Financing, Pantera and Polychain Lead The Round
Space Runners is a metaverse NFT Fashion Brand, announced a $10M in financing round, co-led by Polychain and Pantera Capital.
Also participating in the seed round, announced Monday, were Accel and Jump Crypto, as well as angels like Animoca Brands Chairman Yat Siu and Twitch co-founder Justin Kan.
Space Runners launched the NBA Champions Sneaker Collection with former NBA Champions Kyle Kuzma and Nick Young, wherein all 10,000 NFTs sold out the same day in 9 minutes.
The fashion items are designed as NFTs that are pluggable in different metaverses and games. Space Runners has now grown to one of the largest Metaverse Fashion Brand on the blockchain, with over 500K members across Instagram, Twitter, and Discord. Holders of Space Runners’ NFTs have exclusive members-only benefits such as winning courtside tickets to NBA games each week, as well as unlimited access to Solana API services.
Space Runners have also launched their Augmented Reality (AR) and Social Media filters where holders can try on their Space Runners, making their NFTs interactive even outside of Metaverses and games.
Won Soh, co-founder of Space Runners said:
“Our goal is to build the first end-to-end Fashion ecosystem on the blockchain with the newly secured financing.” With its $10M financing, Space Runners aims to expand its two business lines: Fashion items and Fashion Metaverse. With Fashion items, Space Runners aims to expand its Metaverse Fashion Brand to be the largest supplier of interoperable fashion items for different metaverses and games. With the Fashion Metaverse, Space Runners aims to gamify fashion for the first time by creating the first “Wear2Earn” economy, where users are incentivized and rewarded for being fashionable in the Metaverse.
“Pantera is proud to support Space Runner’s vision to pave a new way to interact with fashion on the blockchain.” said Paul Veradittakit, a partner at Pantera Capital. “Digital identity and self-expression will be a key component in the metaverse…Fashion will be just as if, if not more, important in the Metaverse than the real world.”
As interest in the Metaverse and NFTs grows, Space Runners is collaborating with and helping various artists and brands enter the growing Fashion Metaverse landscape.
