Sequoia India, Woodstock co-lead funding in one-year-old Web3 platform
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Sequoia India, Woodstock co-lead funding in one-year-old Web3 platform

By Nikhil Patwardhan

  • 10 Mar 2022
Sequoia India, Woodstock co-lead funding in one-year-old Web3 platform
Credit: 123RF.com

Web3 platform Metasky on Thursday said it has secured a pre-seed funding of $1.8 million in a round co-led by Sequoia Capital India and Woodstock Fund.

Metasky said its platform bridges the gap between influencers, creators and brands and help them form a Web3 strategy for their followers. 

The startup offers user-friendly tools for buying, storing and using non-fungible tokens (NFTs). 

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“Metasky itself is organised as a decentralised community. 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 with a strong set of utilities, a passionate community, and real governance rights. We are building Web3 tools to serve this purpose,” said Ankit Arora, Co-Founder at Metasky.  

Metasky was founded in 2021 by Arora and Prakhar Sharma to elevate NFTs from just images into objects that are alive and packed with exclusive benefits.  

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“Ankit and Prakhar are accomplished company builders and we are excited to work alongside them as they create a holistic platform for NFT communities" said Shailesh Lakhani, Managing Director at Sequoia India.  

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