Altcoinist Unlocks New Chapter For Creator Economy After Raising $1.5M in Pre-Seed Round

06.07.2024 / Payment system news

Altcoinist, an on-chain monetization gateway platform, is elated to announce it has successfully raised $1.5 Million from its pre-seed and initial seed funding round.

The Seed A round was led by EnigmaFund, a leading venture capital firm best known for its investment in numerous Web3 startups such as ATOR, SperChain, Movement Labs, Entangle Protocol, Ready Games, ZeroLend, and more. In addition to EnigmaFund, the funding round attacked other notable investors, including Explore Capital, Crypto Society, AlphaCrypto Capital, Excelsior, and MoonbootsDAO.

Commenting on the support from EnigmaFund, Altcoinist’s CEO, Christian Andsberg, stated:

“We are thrilled to have EnigmaFund lead our round and join our advisory board. Their expertise and support will be invaluable as we’re paving the way for a more evolved creator economy.”

Altcoinist was created as a revolutionary step forward for all social communities. The project seeks to offer users a platform integrating Web3 infrastructure to transform brands and community gathering spaces into an on-chain economy. To accomplish this mission, Altcoinist empowers creators to establish their token-gated community where members share in rewards from staking pools, create utility NFTs, and more. Early and long-term stakers with prolonged support will receive the highest recognition and rewards through a logarithmic weighted system.

Notably, at the heart of this innovation is its alignment of web3 incentives redesigned to create a self-reinforcing growth cycle and mutual benefits for users. Altcoinist caters to both small emerging and established creators.  The system ensures that the higher the creator grows, the more their benefits.

Altcoinist is powered by the $ALTT token, which plays a vital component in its ecosystem. The token has a total of 1,000,000,000 ALTT tokens. $ALTT unlocks a suite of exclusive features and rewards. The token allows holders to access community staking pools, creator utility NFTs, and various privileges, including branding opportunities, promotional mechanisms, and more.

Altcoinist was created by brilliant minds led by Christian Andsberg, Konstantin Sebeo, Mate Tokay, and Silur (Abraham Endre) who have decades of combined experience.  

In addition to the investors and strong team, the Altcoinist project is also backed by numerous key advisors namely, Rich Robinson (Entrepreneur in Residence at Animoca Brands), Aleksander Rendtslev (4x founder with ventures backed by a16z and General Catalyst), Superchain, Ready Games, ZeroLend), Theodore Agranat (Advisor of Gunzilla Games, Movement Labs, Gaimin), Thomas McLeod (5x founder with exits to Coinbase, SurrealCMS, and Tencent), Austin Seiberlich (Advisor of Entangle, and Coco (Founder of TOSHI).