Authentick Secures $4M – Partners with TikTok, Shopify, Lazada

On Nov 8, 2023

Authentick, the brainchild behind Authentickator — which simplifies exploring, buying, and validating digital collectibles — just unveiled raising a whopping $4 million capital led by the Singaporean venture-building platform Menyala earlier this year.

On top of that, the Singaporean startup exposed its strategic partnerships with Southeast Asia’s renowned e-commerce platform Lazada, the social media behemoth TikTok, and the international e-commerce giant Shopify. All customers of these top-tier businesses can now seamlessly acquire virtual assets without common Web3 hurdles.

Effortless Digital Asset Adoption

What sets Authentickator apart from other NFT platforms is its ability to transform such collectibles into a format suitable for widespread use. Customers across numerous sectors can acquire digital assets as they would any other item using traditional payment methods — complex blockchain-based processes, like creating a crypto wallet, are no longer necessary.

Authentickator goes above and beyond. Not only does it combine Web2 and Web3 by simplifying purchasing processes for blockchain-based assets, but it leverages its very own bespoke system that merges human review and AI to verify the safety, authenticity, and compliance of these virtual possessions.

As a result, the startup has garnered strategic and robust partnerships with numerous apps, games, dApps, and Metaverses, including Animoca Brands and The Sandbox, bolstering the overall accessibility and utility of NFTs across a multitude of online platforms and experiences.

Authentick’s Road Ahead

Now equipped with the financial resources, Authentick has ambitious aspirations for the future. One of which includes offering exclusive opportunities via an NFT drop to business allies seeking broader reach in the Web3 domain. Additionally, this endeavor will ensure its listing on platforms worldwide.

It’s no wonder Menyala tapped into Authentick as part of its mission to empower builders in catalyzing technological advancements and paving the way for mass Web3 adoption. Authentickator forges the path for digital asset innovation, uplifting companies and consumers alike with the extensive advantages — real ownership, transparency, exclusivity, investment opportunities, etc. — digital collectibles bring.

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