MynaSwap is a technology company.
MynaSwap has raised $6.0M across 1 funding round.
MynaSwap has raised $6.0M in total across 1 funding round.
MynaSwap is a technology company founded in 2021 that builds a blockchain-based platform for trading physical collectibles like sneakers, sports cards, and watches. It serves collectors worldwide by enabling real-time trades of tokenized digital representations (NFTs) while handling physical storage, authentication, and redemption, solving issues like slow transactions, counterfeits, and logistics in traditional markets.[1][2][3][4] The platform, built on the Avalanche network, has raised $6 million in funding and offers features such as secure vaults, fiat/digital currency support, and industry-leading counterfeit detection, driving growth through seamless bridging of physical and digital assets.[1][2][3]
MynaSwap was founded in 2021 by collectors Adeel Shams and Bereket, who aimed to create a platform "by collectors, for collectors" to trade physical goods beyond their tangible form.[2][4] Headquartered initially in Cheyenne, WY (with some sources noting Los Angeles ties), the idea emerged from founders' frustrations with inefficient collectibles markets, leading to a blockchain solution for tokenization and real-time trading.[1][3][5] Early traction came from integrating Avalanche for secure, low-cost transactions and vaulting services, quickly differentiating it from legacy auction platforms.[1][2][3]
MynaSwap rides the Web3 trend of tokenizing real-world assets (RWAs), merging NFTs with physical collectibles amid booming markets for sneakers ($10B+ globally) and trading cards.[2][3] Timing aligns with Avalanche's scalability for real-time DeFi and rising demand for authenticated, fractionalized ownership post-2021 crypto boom.[3] Favorable forces include blockchain's immutability reducing fraud in a $500B+ collectibles sector plagued by counterfeits, plus regulatory clarity on digital assets.[1][2] It influences the ecosystem by pioneering hybrid trading models, inspiring platforms for art, luxury goods, and enabling global liquidity for illiquid assets.[2][3]
MynaSwap is poised for expansion by scaling vault networks, adding more collectible categories, and deepening Avalanche integrations amid RWA tokenization's projected $10T market by 2030. Trends like AI-enhanced authentication and metaverse displays will shape its path, potentially evolving it into a full RWA exchange influencing how collectors fractionalize high-value items globally. This positions MynaSwap as a key innovator, transforming physical collectibles into liquid, digital-first assets from its collector-led origins.[2][3]
MynaSwap has raised $6.0M in total across 1 funding round.
MynaSwap's investors include CRV, Draper Associates, Hubrix Ventures, Pioneer Fund, Y Combinator, Leore Avidar, Varsha Rao.
MynaSwap has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in October 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2022 | $6.0M Seed | CRV, Draper Associates, Hubrix Ventures, Pioneer Fund, Y Combinator, Leore Avidar, Varsha Rao |