Overview

Hang.xyz provides a no-code platform that enables brands to create, launch, and manage NFT collections. This platform is designed for businesses in various sectors, such as retail, entertainment, tech, and lifestyle, allowing them to implement NFT-based membership programs that offer customers exclusive perks and benefits. Brands can easily set up their NFT collections without needing technical skills, thanks to customizable mint pages and codeless contracts that work on any blockchain. Hang.xyz stands out from competitors by focusing on enhancing customer loyalty and engagement through innovative NFT technology, turning customers into stakeholders in the brand. The company's goal is to empower brands to improve their customer engagement strategies and increase customer lifetime value by leveraging the unique capabilities of NFTs.

Simplify's Take

What believers are saying

• Hang raised $16 million in Series A funding led by Paradigm.
• Partnerships with brands like Flipkart and Williamsburg Pizza expand Hang's market reach.
• Growing interest in eco-friendly NFTs attracts environmentally conscious brands to Hang.

What critics are saying

• NFT market volatility can impact customer interest and engagement with Hang's platform.
• Increasing regulatory scrutiny on NFTs may lead to compliance challenges for Hang.
• Rapid technological advancements in Web3 require Hang to continuously update its platform.

What makes Hang unique

• Hang offers a no-code platform for creating and managing NFT collections.
• The platform integrates seamlessly with existing IT systems for easy setup and management.
• Hang empowers brands to enhance customer loyalty through NFT-based membership programs.

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Funding

Total Funding

$15.6M

Meets

Industry Average

Funded Over

1 Rounds

Notable Investors:

Tiger Global

Notable Investors:

Tiger Global

$16,000,000

Series A

Jul 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Meet Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$16M

$100M