Web3 Startup Pillz Raises Funds for Mass Production of NFT-Enabled Fashion Accessories

04/17/2023 14:30 • Metaverse Matters • 138 views

According to reports, Web3 “digital” fashion startup Pillz has announced the completion of a new round of financing, with the participation of game payment platform Xsolla. Pillz is an extension of digital identity. The equipment it manufactures can make NFT collections and NFT games tangible, allowing users to interact with NFT in reality. It has also built its own system based on Linux. The new funds will help the company accelerate the launch and mass production of its products, including necklaces, bracelets, key chains, and fashion and jewelry brands, which are expected to be launched in May this year. （venturebeat）

Web3 “phydigital” fashion startup Pillz completes a new round of financing

In an era where digital assets are becoming increasingly valuable, many are looking for ways to bring them into the tangible world. Pillz, a digital fashion startup, is doing just that. The company has announced the completion of a new round of financing, with the participation of game payment platform Xsolla. The funds raised will be used to accelerate the launch and mass production of its products, including necklaces, bracelets, keychains, and fashion and jewelry brands. These products are expected to be launched in May this year.

What is Pillz?

Pillz is a startup that falls under the umbrella of Web3 or the decentralized web. It is an extension of digital identity and is creating a bridge between the digital and tangible worlds. Pillz’s main functionality is the manufacturing of equipment that can make NFT collections and NFT games tangible, allowing users to interact with NFT in reality.

The Equipment

Pillz has built its own system based on Linux, which powers the equipment used to create tangible NFTs. The company has designed a product that allows users to display their NFT collections in the form of fashion accessories, such as necklaces, bracelets, and keychains. The equipment can also be used to make NFT games tangible, opening up new possibilities in the gaming industry.

The Financing

Pillz has raised funds through a new round of financing, with the participation of game payment platform Xsolla. The funds will be used to accelerate the launch and mass production of its products. According to reports, the launch is expected to take place in May this year.

Implications

Pillz’s innovation of bringing NFTs into the tangible world has many implications. First and foremost, it broadens the possibilities of NFTs beyond the digital realm. It also creates new opportunities for designers and artists to monetize their digital assets, as well as giving them an additional medium to showcase their work.
Pillz’s move into the tangible world could also have an impact on the fashion industry. The startup’s products, which include necklaces, bracelets, and keychains, could potentially disrupt the industry by changing the way people view and interact with fashion accessories.

Conclusion

In conclusion, Pillz’s new round of financing is a significant development in the world of NFTs and the Web3 movement. The startup’s innovation in bringing NFTs into the tangible world broadens the possibilities of digital assets and creates new opportunities for designers and artists. The launch of Pillz’s products, which are expected to be launched in May this year, will be eagerly awaited by those interested in the world of NFTs.

FAQs

Q1. What is Pillz?
A1. Pillz is a Web3 startup that creates equipment to make NFT collections and NFT games tangible, allowing users to interact with NFT in reality through fashion accessories like necklaces, bracelets, and keychains.
Q2. How did Pillz raise funds?
A2. Pillz raised funds through a new round of financing with the participation of game payment platform Xsolla.
Q3. What does Pillz’s move into the tangible world mean for the fashion industry?
A3. Pillz could potentially disrupt the fashion industry by changing the way people view and interact with fashion accessories, broadening the possibilities of digital assets.

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