Singapore — Web3 community platform Metasky has raised US$1.8m in a pre-seed token sale round led by Sequoia Capital India and Woodstock Fund. Metasky, founded in 2021 by Ankit Arora and Prakhar Sharma, positions itself as a bridge to Web3 and aims to elevate NFTs (non-fungible tokens).

Metasky’s platform aims to convert people from being social media followers into engaged members of a brand’s digital world. The platform’s strategy is to work with influencers, creators, and brands closely to form a Web3 strategy for their followers with the help of its user-friendly tools for buying, storing, and using NFTs.

Metasky is launching a user-friendly Web3 Wallet that democratises access to the decentralised world by making it easy for anybody to buy and securely hold Crypto Assets such as NFTs and crypto tokens. Metasky’s wallet can seamlessly integrate inside an existing website or application, converting an existing app to a Web3 app. These assets can then be used to provide exclusive benefits to token holders. These benefits range from unlockable digital content of popular creators, exclusive chat rooms and live streams, to backstage access into their offline events.

Ankit Arora, co-founder at Metasky, said that Metasky itself is organised as a decentralised community, explaining that it is the most efficient way of aligning a group of people towards a shared goal.

“We want to walk the talk that decentralisation is important, but it is a means to an end. Concepts like NFTs only make sense if they are accompanied by a strong set of utilities, a passionate community, and real governance rights. We are building Web3 tools to serve this purpose,” Arora said.

Meanwhile, Shailesh Lakhani, managing director of Sequoia India, comments on Metasky’s potential, saying, “Ankit and Prakhar are accomplished company builders, and we are excited to work alongside them as they create a holistic platform for NFT communities.”

Metasky recently launched its first community-led project called “Tanukibles” – a play-to-earn game that has started its journey as an NFT collection. Tanukis are animals native to Japan, deeply embedded in Japanese mythology. Anyone can be a part of the production team of Tanukibles by getting one of 9999 limited edition Tanukis. Some Tanukis are rewarded to community participants on merit, others are scheduled to be up for public sale in April.