Hang

Hang

No-code platform for creating NFT collections

About

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 the lifetime value of their customers through dynamic membership programs.

Company Stage

Series A

Employees

11-50

Industries

Enterprise Software, Crypto & Web3

Total Funding

$16M

Headquarters

N/A

Founded

2021


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Simplify's Take

What believers are saying

  • Hang's partnerships with major brands like Flipkart, Ulta, and Williamsburg Pizza demonstrate its growing influence and market acceptance.
  • The recent $16M Series A funding led by Paradigm indicates strong investor confidence and provides resources for further growth and innovation.
  • The platform's ability to transform customers into stakeholders through NFT-based memberships can significantly boost customer engagement and loyalty.

What critics are saying

  • The rapidly evolving Web3 and blockchain market could pose challenges in keeping up with technological advancements and regulatory changes.
  • Dependence on the success of NFT adoption by mainstream brands may limit growth if the market for NFTs declines.

What makes Hang unique

  • Hang.xyz offers a no-code platform for creating and managing NFT collections, making it accessible for brands without technical expertise.
  • The platform's ability to integrate seamlessly with existing IT systems and offer customizable mint pages sets it apart from other NFT solutions.
  • Hang's focus on using NFTs to enhance customer loyalty and membership programs provides a unique value proposition in the Web3 and blockchain market.

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Growth & Insights
Headcount

6 month growth

15%

1 year growth

64%

2 year growth

130%

Benefits

Top-tier health, vision, dental, & disability insurance

Unlimited PTO & sick leave

Competitive salary & equity compensation

Quarterly company offsites

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