Based, a communication platform built around NFTs, today announced it raised $3.5M in pre-Seed funding in anticipation of its upcoming NFT release. The round was led by Progression Fund, a consumer fund focused on generational shifts. Additional investors include Hannah Grey, Collab+Currency, Palm Tree Crew, Franklin Templeton, GFR, and crypto-focused angels and influencers including SolBigBrain.

In doing so, the platform reduces the tens of millions of SOL transactions a day to the dozens that users personally care about. In doing so, the company can drive both a world class product and NFT community at the same time. Based enables users to easily surface NFT content from their friends and communities to share between smaller token-gated groups and private chats.  About BasedBased is where your NFT inner circles overlap.

Based Raises $3.5M To Build Micro-Networks Around Nfts

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