The Shopify of Web3: CryptoCoco Conducts Seed Round Funding, Raising Several Hundred Thousand Dollars
We are thrilled to announce that CryptoCoco Inc. has successfully conducted a seed round of funding. CryptoCoco Inc. is the proud provider of “CocoShop,” an innovative platform enabling comprehensive management of the entire NFT process — from creation and minting to the construction and operation of marketplaces and the development of unique themes. We are grateful to have received funding from Skyland Ventures and several individual investors
NFT Marketplace No-Code Building Platform — What is CocoShop?
CocoShop is a versatile platform enabling users to manage a broad range of tasks, from creating NFTs, establishing NFT minting sites and marketplaces, to promoting and marketing NFTs, and developing unique themes.
Recently, the culture supporting the royalties (creator fees) of creators and NFT projects is breaking down across the NFT industry, making it increasingly challenging to conduct businesses centered around NFTs.
Therefore, we believe it’s crucial for projects to operate their unique NFT marketplaces to securely obtain fees (royalties) from secondary distributions and to value the sales from primary distributions. Thus, we provide ‘CocoShop,’ capable of constructing NFT minting sites and NFT stores.
Within CocoShop, users can tailor theme templates to reflect their brand’s unique designs.
Waitlist
We are currently accepting registrations for our Waiting List (pre-application reservations) free of charge.
The first 30 individuals to register will gain early access ahead of general users. 👇
Purpose of this Fundraising
CryptoCoco is a startup specializing in providing blockchain-related services. Our focus is on “CocoShop,” an NFT marketplace construction platform, through which we develop systems based on blockchain technology.
While the NFT market is perceived to be experiencing a downturn lately, we believe that NFTs will regain momentum in a few years and become deeply ingrained in society, primarily through GameFi, utility, and tickets. We conducted our fundraising with the objective of supporting the growth of the global NFT industry, positioning our main product, CocoShop, as an essential tool in the resurgence and widespread adoption of NFTs as CryptoCoco Inc.
We will persist in our development efforts, enhancing our organizational structure and intensifying our focus on business development and marketing to uplift the entire NFT industry, aiming to provide the optimum experience possible.
Overview of CryptoCoco Inc.
CryptoCoco is a startup specializing in blockchain-related services. We focus on “CocoShop,” an NFT marketplace construction platform, through which we develop systems leveraging blockchain technology. Our business spans across various sectors, including the issuance of NFTs, development of NFT marketplaces, creation of other blockchain-based systems, and consulting services.
List of Investors:
- ︎ Skyland Ventures
- Two individual investors
Founder’s Comment
Sho Sakai (Ropital), CEO, CryptoCoco Inc.
Our flagship product, CocoShop, is designed to manifest a future where anyone can effortlessly initiate an NFT project and also avail services to facilitate their ongoing growth. In August 2023, OpenSea declared the discontinuation of royalties, illustrating the upcoming necessity to sidestep dependence on particular services for business revenue generation. We are driven to elevate CocoShop as a pivotal utility for NFT projects, acting as a platform that enables the straightforward creation and management of individualized NFT minting sites and exclusive marketplaces under distinct brands.
We feel profoundly honored that Skyland Ventures and our private investors have expressed their trust and belief in our vision and product during this seed round. Furthermore, if anyone wishes to explore opportunities with CryptoCoco, we warmly invite you to reach out to us via Twitter or email.
Investor Comments
Yonkuro (Masaki Ikeda), Venture Capitalist, Skyland Ventures
I have known Mr. Ropital of CryptoCoco for about six months now. Our relationship began with an incubation event called CryptoLand hosted by SV. Seeing the future development of upgrading the product more on the business side, we decided to invest. I believe there are several approaches for the blockchain to be utilized in the real world, and NFTs have a high potential to become a point of contact with many general users. We would like to continue to run alongside CocoShop, as it becomes an option for anyone to create businesses utilizing NFTs, reaching not only domestically but also globally.
Yoshihiko Kinoshita, General Partner & CEO, Skyland Ventures
Mr. Ropital is a talented engineer from Bunzz and has a detailed understanding of this field; I have high expectations. Although the future potential of NFTs is significant, I believe that the primary market (new issuance/minting) will expand more than the current secondary market, and we agreed on this point and reached an investment agreement. I am looking forward to the explosive growth of startups aiming to be entities like the NFT version of Shopify・STORES. As the first investment startup originating from CRYPTOLAND, I am excited about the future.
About Us
- Establishment: June 13, 2022
- Corporate Site: https://cryptococo.dev
- CocoShop: https://cocoshop.io
- Email Address: contact@cryptococo.dev
