1/6 We are excited to have led the $4.3M seed round for phygital products platform Legitimate, with participation from Draper Associates, Sfermion as well as strategic angel investments from VERBAL and Jeff Miyahara.

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

2/6 Legitimate enables projects to embed a wide range of digital content into their physical products via Legitimate's LGT Tags – special encrypted NFC (Near Field Communication) chips that integrate easily into a client's supply chain and manufacturing processes.

4/6 This innovative solution has already caught the attention of big name brands such as Puma, AMBUSH and Roc Nation to deliver unique consumer experiences. Legitimate-powered products are currently available in stores across North America and Asia such as Footlocker and Champs.

5/6 Legitimate also helps brands from a regulatory perspective, providing an easy way to uphold compliance with DPP (Digital Product Passport) initiatives that are being developed by regulatory bodies across the globe.

6/6 As the Web3 market continues to flourish, Legitimate will provide a secure gateway for major brands to enter the space and deliver personalised experiences that resonate with their customers. Congratulations to the team on today's milestone!

3/6 LGT Tags can be scanned by any mobile phone device to activate a unique digital experience and to verify a product's authenticity and provenance. Products with LGT Tags work seamlessly with Tokenproof, Shopify, OpenSea and most other third-party NFT tools and platforms.