Overview

SZNS is a platform for NFT fractionalization and DAO, allowing users to create "Albums" of NFTs for collective ownership and governance, with each Album having its own ERC20 token representing ownership. The main technologies used include NFT fractionalization, DAO, and ERC20 tokens.

Simplify's Take

What believers are saying

• Rising interest in DeFi platforms boosts demand for SZNS Labs' crypto solutions.
• Blockchain interoperability trends open new advisory service opportunities for SZNS Labs.
• Tokenization of assets trend supports SZNS Labs' software development initiatives.

What critics are saying

• Emerging blockchain firms increase competition, threatening SZNS Labs' market share.
• Regulatory scrutiny on crypto transactions may impact SZNS Labs' operations.
• Volatility in crypto markets could reduce client interest in SZNS Labs' solutions.

What makes SZNS unique

• SZNS Labs focuses on accelerating enterprise crypto adoption, a niche market.
• The firm offers advisory services on blockchain interoperability, a growing enterprise need.
• SZNS Labs develops software solutions for asset tokenization, aligning with market trends.

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Funding

Total Funding

$3.9M

Above

Industry Average

Funded Over

1 Rounds

$4,000,000

Seed

Sep 2021

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$4M