More Good News for the Sector .....17 Aug 2022 19:34
SaaS tokenization platform Buzzmint secures Ayre Ventures funding
Ayre Ventures has thrown its financial support behind Buzzmint to further the development of utility-focused non-fungible token (NFT) projects.
Ayre Ventures, the venture capital division of Calvin Ayre’s Ayre Group, recently participated in a seed funding round for Buzzmint, the U.K.-based Software as a Service (SaaS) platform that allows brands, creators, media-specific businesses and individuals to simply and quickly ideate, create and deploy utility-led NFT/token projects.
Buzzmint, which participated in the initial cohort of the Satoshi Block Dojo incubator program, was formed after co-founder Charles Symons went to a Dojo event at the invitation of his friend, Dojo co-founder Craig Massey. While at this event, Symons unknowingly bumped up against none other than Dr. Craig Wright, with whom Symons proceeded to have a brief but illuminating conversation.
Just prior to his Dojo visit, Symons, a decades-long veteran of the media and publishing sectors, had a meeting with a newspaper editor who painted a sorry picture of the financial challenges facing the press. After his conversation with Wright and some independent investigation into the possibilities of the Bitcoin SV (BSV) blockchain—including the fact that its unbounded scalability means it can permanently store NFTs on-chain rather than on a third-party server—Symons believed he’d found the solution to the editor’s dilemma.
Symons had gone to the Dojo event with another publishing/media veteran, Neil Ferguson, who like Symons was something of a blockchain neophyte at the time. The pair described their BSV learning experience as “a light bulb moment, the future for everyone that we’ve worked for.” At that moment, the seeds of Buzzmint took root.