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NFT3 is a technology company.
NFT3 develops a unified decentralized identity and credit network for Web3 and the metaverse. Functioning as a "Passport for Web 3.0," it enables individuals to manage a singular, comprehensive identity across decentralized applications. This identity facilitates personal monetization within the Web3 ecosystem, with an SDK for developers to integrate DIDs, profiles, social graphs, and custom data models.
Dylan Dewdney founded NFT3 in 2021, driven by fragmented identity in the emerging Web3 landscape. A veteran crypto builder since 2011 and founder of Kylin Network, Dewdney sought a singular, verifiable identity solution. His vision aimed to streamline user experience and interaction across diverse decentralized platforms.
The company primarily serves individuals and developers engaged with Web3 and metaverse environments, needing robust identity solutions. NFT3's long-term vision empowers every individual with a self-sovereign identity, enabling seamless, secure digital interactions. This unlocks new monetization pathways across the decentralized internet, establishing a foundational identity layer.
NFT3 has raised $8.0M across 1 funding round.
NFT3 has raised $8.0M in total across 1 funding round.
NFT3 has raised $8.0M in total across 1 funding round.
NFT3's investors include Animoca Brands, Ankr, CMS Holdings, Digital Finance Group, Digital Strategies, Double Peak, Ellipti, Genblock Capital, LD Capital, LVT Capital, Prometheus Labs Ventures, Shima Capital.
NFT3 is a technology company pioneering the development of a Unified Decentralized Identity (DID) and Credit Network tailored for the Web3 ecosystem. Its platform enables users to create and manage a single virtual identity that spans multiple blockchain platforms, metaverses, and games, allowing individuals to monetize their digital identities and accrued histories across these environments. By providing a seamless identity layer, NFT3 addresses the fragmentation of digital identities in Web3, offering enhanced interoperability and user control over personal data and reputation[1][2][3][4][6].
The company serves Web3 users, developers, and platforms seeking to integrate a unified identity solution that supports credit scoring and reputation management in decentralized environments. NFT3’s product solves the problem of identity silos and lack of trust mechanisms in blockchain-based applications, facilitating smoother interactions and transactions across the metaverse and decentralized finance (DeFi) sectors. The company has demonstrated growth momentum, evidenced by a recent $7.5 million funding round led by Animoca Brands, signaling strong investor confidence and positioning NFT3 as a gateway technology to the metaverse[5][6].
NFT3 was founded by a team with deep expertise in blockchain and decentralized technologies, motivated by the vision that blockchain would drive significant cultural progress among emerging technologies like AI and bioengineering[7]. The idea emerged from the need to unify fragmented digital identities across disparate Web3 platforms, enabling users to carry their reputation and creditworthiness seamlessly. Early traction included building the first unified decentralized identity and credit network, attracting strategic investors such as Animoca Brands, which underscores the company’s pivotal role in the evolving metaverse ecosystem[5][7].
NFT3 rides the wave of the Web3 and metaverse revolution, where decentralized applications and virtual worlds demand robust identity solutions. The timing is critical as users increasingly engage in multiple metaverses and blockchain platforms, creating a pressing need for unified identity and credit systems to enable trust, security, and monetization. Market forces such as the rise of NFTs, decentralized finance, and virtual economies favor NFT3’s approach, positioning it as a foundational infrastructure provider. By enabling interoperable digital identities, NFT3 influences the broader ecosystem by fostering user empowerment, reducing friction in decentralized interactions, and accelerating adoption of Web3 technologies.
Looking ahead, NFT3 is poised to expand its identity and credit network capabilities, potentially integrating more sophisticated reputation metrics and broader platform support. Trends such as increasing metaverse adoption, regulatory interest in digital identity, and the growth of decentralized finance will shape its trajectory. NFT3’s influence may evolve from a niche identity provider to a core infrastructure player essential for the functioning of the decentralized internet and virtual economies. Its success will likely hinge on continued innovation, ecosystem partnerships, and user adoption, reinforcing its role as a gateway to the metaverse and a pioneer in decentralized identity management.
NFT3 has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $8.0M Seed | Animoca Brands | Ankr, CMS Holdings, Digital Finance Group, Digital Strategies, Double Peak, Ellipti, Genblock Capital, LD Capital, LVT Capital, Prometheus Labs Ventures, Shima Capital, Tenzor Capital, ZMT Capital |