Chronicled Raises $3.4 Million to Bring Blockchain Verification to Sneaker Trade

Chronicled Raises $3.4 Million to Bring Blockchain Verification to Sneaker Trade

Chronicled, a startup leveraging blockchain tech to help authenticate collectible sneakers, has raised $3.42m in seed funding. The round was led by Hong Kong-based VC firm Mandra Capital and included support from avid industry investor Pantera Capital and Colbeck Capital Management. Founded in 2014, Chronicled seeks to ensure the authenticity of consumer products using ‘smart tags’ that can be inserted in shoes and linked to a user’s Apple or Android app. Chronicled then uses blockchain technology to register the shoes on a distributed ledger, which it says allows for the creation of an....


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Chronicled Raises $3.4 Million In Seed Round

The blockchain-based collectible and vintage sneaker company Chronicled has just announced it has raised $3.4 million USD in a seed funding round. The startup, founded in 2014, has created a team of engineers in Silicon Valley to build a system that tracks the authenticity and movement of this footwear. The investments injected into the business came from the venture capital firms Mandra Capital, Colbeck, and Pantera Capital. Dan Morehead, Partner at Pantera Capital, said of the announcement:

Blockchain Allows Sneaker Manufacturer To Prevent Counterfeiting

A sneaker manufacturer has used blockchain technology to create smart tags that can track their sneakers to the factory, so they are impossible to counterfeit, according to fastcodedesign.com. The manufacturer, Greats, tapped the services of a software authentication system and a 3-D printer to design the smart tags. The tags include an NFC chip that can be scanned with a smart phone. The smart tag records the sneakers’ history all the way to its creation. A Way To Battle Counterfeiters. The technology could prove to be a promising way to battle the $600 billion....

Chronicled Raises $3.4 Million, Seeks to Leverage Blockchain Tech for Sneakers Market

Chronicled, a Californian technology company founded in 2014 that leverages blockchain technology specifically for the authentication, tracking and social engagement of vintage and collectible sneakers has announced $3,425,000 in additional funding raised as a part of its Series Seed financing. The round was led by Hong Kong-based venture capital firm Mandra Capital. It also saw participants from investors such as Pantera Capital, a leading blockchain-tech investor and New York-based Colbeck. The three investors have also participated in previous funding rounds established by Chronicled.....

Why Chronicled Believes Sneakers Could Be Blockchain’s Big Market

Entering 2016, provenance – or the ability to ensure ownership and chain of custody – was named as a potential breakout use case for blockchain technology, and while this prediction has yet to come to pass, new startups are entering the market. The latest to emerge on the scene is Chronicled, which has raised $3.4m to explore whether blockchain tech can be a value-add for the purchasers of collectible sneakers. As described by The New York Times, the scene is one where "mostly male, mostly teenage" buyers quickly amass thousand-dollar collections. According to informal....

Bitcoin Venture Capital Markets Heating up as Five Bitcoin Startups Raise $45 Million

This week, five Bitcoin startups, including Chronicled, Chain, Abra, Case and Coinalytics, have raised more than $45 million in funding from Wall Street investors and banks, Silicon Valley venture capital firms and angel investors. The recent funding rounds also showed a significant increase in corporate investors, rather than just traditional venture capitalists. These five funding announcements follow several months without any big fundraises and may signify that the bitcoin investment market is beginning to heat up again. Chain Inc. Raises $30 Million from Visa and NASDAQ. Chain Inc., a....