tokenproof is a technology company.
tokenproof has raised $5.0M across 1 funding round.
Key people at tokenproof.
tokenproof was founded by Jonathan Scheiner (Co-Founder and Chief Financial Officer).
tokenproof has raised $5.0M in total across 1 funding round.
Key people at tokenproof.
tokenproof was founded by Jonathan Scheiner (Co-Founder and Chief Financial Officer).
tokenproof has raised $5.0M in total across 1 funding round.
tokenproof's investors include 11k Ventures, 75 & Sunny, 8VC, Animoca Brands, Ballistic Ventures, Bessemer Venture Partners, Cubit Capital, Drive Capital, E1 Ventures, Founders Fund, Frontier Ventures, General Catalyst.
Tokenproof is a privacy-focused technology company that builds software for secure NFT ownership verification, enabling users to prove token holdings without connecting wallets or compromising security. It serves brands, communities, and NFT holders by solving the problem of making Web3 assets practical for real-world and digital experiences like events, exclusive content, discounts, and loyalty programs.[1][2][3][4] The product powers token-gated activations, with over 75k users unlocking experiences, 300+ activations, and 160+ brands engaged, alongside $5M in funding before its 2024 acquisition by Yuga Labs.[1][2][3]
Tokenproof was co-founded in 2022 by G. Peyton Smith (Chief Product Officer) in Austin, TX, with the mission to transform NFTs from static images into functional keys for exclusive perks, addressing wallet security risks and usability barriers in Web3.[1][2] The idea emerged from a vision to bridge Web3 potential with everyday accessibility, starting with MVPs for event management, ticketing (built on Bubble.io), and a user-friendly website.[1] Early traction came from streamlining NFT verification for events and experiences, leading to partnerships and its acquisition by Yuga Labs in 2024, marking a pivotal evolution.[1][3]
Tokenproof rides the Web3 accessibility wave, capitalizing on NFT utility beyond speculation amid growing demand for privacy-preserving identity solutions in a post-hype blockchain era.[1][3][4] Timing aligns with brands seeking fan engagement tools that blend digital collectibles with IRL experiences, fueled by market forces like decentralized loyalty programs and sustainable Web3 (e.g., NEAR Foundation partnership).[3] It influences the ecosystem by onboarding non-Web3 natives, boosting NFT adoption through safe token-gating, and enabling commerce/perks that make on-chain assets tangible—lowering entry barriers while enhancing brand-consumer bonds.[1][3]
Post-acquisition by Yuga Labs, Tokenproof's tech will likely integrate deeper into major NFT ecosystems like Bored Ape Yacht Club, expanding secure verification for high-profile events and perks.[1] Trends like token-enabled commerce, AI-driven personalization, and multi-chain interoperability will shape its path, potentially scaling to millions via Yuga's network. Its influence may evolve from startup innovator to core Web3 infrastructure, redefining how digital ownership unlocks real value and drawing more mainstream brands into on-chain engagement. Tokenproof proves NFTs can be practical keys—not just collectibles—unlocking Web3's untapped utility.
tokenproof has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2022 | $5.0M Seed | 11k Ventures, 75 & Sunny, 8VC, Animoca Brands, Ballistic Ventures, Bessemer Venture Partners, Cubit Capital, Drive Capital, E1 Ventures, Founders Fund, Frontier Ventures, General Catalyst, Goat Capital, Lightspeed Venture Partners, Operator Collective, Penny Jar Capital, Prime Movers Lab, Seven Seven Six, Talis Capital, Vista Venture Partners, Voyager Capital, Y Combinator, Emil Lee, Gokul Rajaram, Joshua Reeves, Louis Beryl, Natasha Ahmed, Steve Aoki, Thomas Tull, Vivek Patel, Zachary Hargreaves |
