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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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:
Chronicled, a blockchain startup headquartered in San Francisco, has introduced an Ethereum blockchain-based physical asset verification platform that enables companies and manufacturers to register and verify physical items in an irrefutable and decentralized network. Chip companies, physical IP creators and manufacturers can authenticate embedded Bluetooth Low Energy (BLE) and Near Field Communication (NFC) chips on the Chronicled-Ethereum platform, which serves as an interoperable backend for app developers and consumers. The startup’s launch of its interoperable and tamper-proof....
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.....
Blockchain startup Chronicled has launched the first of its kind ‘open registry for Internet of Things’ on the Ethereum blockchain, enabled via NFC and BLE microchips. Heralding the new open registry as a major leap in the growth and interoperability of the consumer Internet of Things, Chronicled announced the open source project under the Apache License. The San Francisco-based technology firm revealed that the registry will store the identity of consumer goods and collectibles that are embedded with Bluetooth Low Energy (BLE) and Near Field Communication (NFC) microchips. Approximately....
San Francisco-based blockchain and Internet of Things (IoT) technology company, Chronicled, has announced the development of CryptoSeal, an all-in-one, tamper-evident, and blockchain-registered solution for packaging and physical asset tracking presenting a major step forward in the supply chain provenance. Announced at the ID Tech Expos in Santa Clara, and developed in collaboration with Cellotape Smart Products, the tamper-proof seal – each containing a Near Field Communication (NFC) chip embedded with unique identity information – allows customers to secure the content of their packages....