Chennai teen entrepreneurs raise $1 mn for NFT venture

Chennai:

Diginoor

.io, a

NFT

marketplace founded by Chennai teenagers

Shaamil Karim

& Yash Rathod, has raised $1 million funding from Contrary Capital, Polygon Fund, Sandeep Nailwal, CRED’s Kunal Shah, Abdul Wahab Al-Halabi (MD at Embassy Capital), and others. Diginoor, which launched in 2021 with Rajinikanth movie NFTs, aims to make NFT adoption mainstream in India with curated Indian entertainment content adapted for the web 3.0 space. Some of their partners already include India’s oldest and largest production houses like AVM Productions, Reliance Entertainment and a host of other major studios. The company said it was also the first to introduce the option to buy NFTs using debit and credit cards — a first in the industry. NFTs (Non fungible tokens) are digital representations/assets representing real-world objects like art, music, videos, etc. and have recently taken the tech world by storm. “We plan on using these funds to hire a talented team across functions and tap into the plethora of content in the Indian media industry,” co-founder of Diginoor, Shaamil Karim said.