Cointime

Download App
iOS & Android

Web3 Startup WEEDAR Just Got $1.5M To Let People Earn NFTs Buying Cannabis

  • Wechat scan to share

WEEDAR, a distribution network for cannabis brands that blends AR-powered shopping experiences and gamified loyalty programmes, has secured $1.5M in a seed round led by an undisclosed private investor. To date, the company has raised $2.3M in funding.

The funds raised will be utilised to grow and improve the existing feature set, as well as scale marketing, as the firm continues to create its industry-first platform, which is already assisting cannabis brands in increasing sales and strengthening customer retention.

Instead of generic product catalogues, WEEDAR users can shop their favorite brands in 3D augmented reality, access exclusive product drops made in collaboration with popular artists, and collect NFTs. WEEDAR is the first and only marketplace where users can earn money by purchasing marijuana by trading or reselling NFTs. Additionally, customers can participate in gamified in-app activities and earn points for each victory. These points are saved in a virtual Stash Box and can be redeemed for discounts and merch, such as limited-edition customised bongs or grinders.

Comments

All Comments

Recommended for you

  • AI infrastructure platform Mahojin completes $5 million financing

    AI infrastructure platform Mahojin has completed a $5 million financing round, led by a16z CSX and Maelstrom. Mahojin aims to create a "GitHub" for AI model creators and dataset developers, with the platform enabling intellectual property tracking and rewarding the original contributors of models and datasets.
  • US artificial intelligence startup Yutori raises $15 million

    Yutori, a startup based in San Francisco, has raised $15 million for the development of an artificial intelligence personal assistant.
  • Meme incubation platform Coresky completes $15 million Series A financing

    Meme incubation platform Coresky announced the completion of a $15 million Series A financing round, led by Tido Capital, with WAGMi Ventures, Copilot Venture Studio, Web3 Vision Fund, and Parallel Ventures participating. The valuation information has not been disclosed, and the company's total financing to date has reached $21 million.
  • Vest Labs Completes $5 Million Seed Round of Financing, with Amber Group, QCP Capital and Other Investors

    Vest Labs, a financial infrastructure company based on real-time risk pricing, has announced the completion of a $5 million seed round financing, with participation from Jane Street, Amber Group, Selini Capital, QCP Capital, and Big Brain Holdings. The new funds will be used to support its construction of a real-time, verifiable risk pricing model based on zero-knowledge proofs to enhance financial market transparency and efficiency, and will also launch a perpetual futures trading platform supporting Arbitrum, Solana, Base, and other L2 solutions.
  • Digital asset high-frequency trading company ABEX completes new round of financing of US$6 million

    ABEX, a digital asset high-frequency trading company based in London, United Kingdom, announced the completion of a $6 million financing round, led by MMC Ventures. The new funds are intended to be used for the launch of derivative trading and algorithmic execution solutions to improve the transaction execution efficiency of centralized and decentralized financial venues. It is reported that the company is registered with the Financial Conduct Authority (FCA) in the United Kingdom, allowing it to engage in cryptocurrency trading activities.
  • Decentralized identity management platform Via Science completes $28 million Series B financing, led by Bosch Ventures

    decentralized identity management platform Via Science has completed a $28 million Series B financing round, led by Bosch Ventures, with participation from BMW i Ventures, MassMutual Ventures, Sentinel Global, and Westly Group. It is reported that Via Science's decentralized, zero-trust architecture has been tested by the US Department of Defense and, unlike any other Web3 technology, its combination of end-to-end post-quantum encryption can ensure access and privacy for the authorizer.
  • Multi-engine Web3 gaming platform PlaysOut completes $700 million seed round of financing, led by Kenetic Capital

    the multi-engine Web3 gaming platform PlaysOut has announced the completion of a $7 million seed round of financing, led by Kenetic Capital, KBW Ventures, Gam3Girl Ventures, Oak Grove Ventures, Aptos, Yugana Labs, Sentor Investments, and Longling Capital, with a valuation of $70 million. The new funds are intended to drive its efforts to bridge the gap between Web2 and Web3, enabling developers to unlock monetization models by building assets on-chain and exploring token-based incentives, NFT integration, and blockchain-driven economies.
  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.
  • Coindesk ·

    Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.
  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs