1/7 We're very excited to have led the $1.9M pre-seed round for @watches, with participation from @bigbrainvc, Marin Digital Ventures, Soft Holdings Inc, Builder Calital, Darkside Capital, Non-Fungible Technologies, & a host of top Web3 founders & angel investors.

We invest in builders creating a crypto future.

Watches.io: End to end tracking & trading ecosystem for watches built on Web3 rails.

2/7 Watches.io is disrupting the $75 billion luxury watch market with the first end-to-end tracking & trading ecosystem for watches, enabling users to monitor their watch portfolios with real-time market data, diversify their portfolios & execute frictionless buy/sell transactions.

Lemniscap is an investment firm specialising in investments in emerging cryptoassets and blockchain startups.

3/7 The platform brings the structure of NFT marketplaces & aggregators to the luxury watch market – which is rapidly growing in popularity among Gen Z and millennials – greatly simplifying the process of tracking, trading, & purchasing luxury timepieces, turning watches into tradable assets.

4/7 Founded by longtime watch enthusiast and entrepreneur @jakeplonskier, Watches.io has emerged as the most comprehensive aggregator of real-time market prices for luxury watches worldwide, & was recently selected as a Google Web3 venture cloud partner.

5/7 Given the growing recognition of luxury watches as stores of value, a full-suite infrastructure platform that enables users to trade them as frictionlessly as stocks or crypto is a complete game changer.

6/7 @watches is also opening up exciting new opportunities for collectors to leverage their watch portfolios. The company's watch-backed NFT infrastructure is supported by partner NFT Finance (NFTfi) platforms, enabling collectors to use a Watch-backed NFT as collateral for a loan.

7/7 We look forward to cheering on the @watches team as they transform the fragmented but highly lucrative luxury watch market with an expanding suite of user-centric solutions.

Check out the full announcement in the following @decryptmedia article:

Check out the full announcement in the following @decrypt article:

https://decrypt.co/217179/watches-io-raises-1-9m-pre-seed-funding-to-democratize-75b-luxury-watch-market