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African Startup Funding Tracker

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Ayoken Secures USD 1.4 Mn Pre-Seed Round To Grow NFT Marketplace
Ayoken Secures USD 1.4 Mn Pre-Seed Round To Grow NFT Marketplace

Ayoken, a non-traditional marketplace for creatives, has raised USD 1.4 Mn in pre-seed capital to help users diversify their revenue streams by selling digital artifacts. The pre-seed round saw participation from Founders Factory Africa, Kon Ventures of Texas, Crypto League of Europe, R9C Ventures of Ghana, and Maximus Ventures. Ayoken intends to use the funds generated to secure exclusive deals with musicians and form relationships with telcos, in addition to expanding its team and secondary marketplaces.

Ayoken serves as a link between fans and musicians, giving them a stake in their favorites’ success. Fans will be able to obtain tokens such as behind-the-scenes footage and album art through the NFT marketplace. Users have distribution partners to promote NFT drops, including YouTubers, influencers, newsletters, crypto exchanges, and telcos.