Spatial Labs has raised $10M in its seed funding round led by Blockchain Capital and Jay-Z's venture capital firm Marcy Venture Partners.
The startup has raised over $14M.
- Spatial
Labs is innovating in the fashion world and has developed a
13-millimeter microchip called the LNQ One Chip, a blockchain-enabled
product.
- The chip can be sewn or integrated into physical items, which allows brands to market and create loyalty programs.
- Products with the LNQ One Chip can assist with authentication, item history, and unlocking exclusive access.
- Users
can scan the item with their smartphones, creating a digital copy of
the item in the metaverse. Each physical chip has a corresponding NFT on
Polygon.