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- 1 Mnemonic raised $6 Million in the seed extension round led by Salesforce Ventures in June 2023.
- 2 The seed round was held in December 2021, in which they raised $4 Million, and Kenetic Capital led it.
The seed extension round, led by Salesforce Ventures, had participants such as Orange DAO, Polyfon Ventures, FJ Labs, and FIN Capital. As it is a customer relationship management (CRM) software firm, it says it will utilize this technology in Web3 in CRM products.
Mnemonic provides NFT’s data and analytics to enterprise and Web3 developers. The company is sure that this funding could shift more Web2 users into Web3 technologies.
Salesforce Launched the Web3 NFT Management Platform
AI-related technologies are in great demand in crypto. Gensyn, a blockchain-based computing resource for AI, has raised $43 Million. The round was led by investment firm Andreessen Horowitz.
Salesforce has launched Web3, an NFT management platform to facilitate customers in creating loyalty programs based on tokens. On this platform, organizations and businesses can mint and sell NFTs and view real-time data on Salesforce Web3.
Max Comparetto, the co-founder of Salesforce, says they want to help companies to develop in Web3 by providing them with solutions to interact with customers of their brand across digital channels.
With the coordination of the Mnemonic views and facility, they will help customers deal in a better-advanced way with customers. They can also assist customers with data-driven decisions on features like partner selection, pricing of products, and audience targeting for sharing.
Salesforce has built its own Web3 advisory board. The company sees the brands in retail, media, and fashion.
Mnemonic Provides Real-Time Data
Mnemonic facilitates real-time data of NFT, analytics, and insights for developers and businesses to create Web3 products. They aim to provide trustworthy and fast experiences related to technology.
Their data provided comprises NFT trait details, market data including sales and prices, and also spam protection. Thus, it saves you from spam from less reputable NFTs.
Mnemonic was formed by Andrii Yasinetsky, who holds many patents related to self-driving technology, with Chief AI Officer Elena Ikonomovska and Andrii Yasinetsky, a former Reddit data scientist.
Mnemonic co-founder says that firstly they started with the idea of providing blockchain data to developers, businesses, and organizations because it is very difficult to point and operate the data.
The company is focused on providing solutions related to Web3. With the help of data and analytics, it will improve engagement, transparency, and also finding new income sources.
The company will expand its data usage and availability with funding from Salesforce and others. It will enhance analytics and data generation. It currently supports the testnet of Base, a layer 2. It will now work on API, NFT, and also on Base mainnet.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
