Web3 Commerce App Setter Raises $5M Seed Round Led by A16z

Bitget App

Trade smarter

Bitget

News

Cointime2023/11/28 20:24

By:Cointime

Web3 consumer-facing app Setter has raised $5 million in a seed round led by Andreessen Horowitz (A16z) and featuring participation from Marcy Ventures Partners, Dreamers VC, Thirty-Five Ventures, and Serena Williams. The company is building a "smart contract wallet" that allows users to easily switch from traditional Web2 payments to crypto using their credit cards. Setter aims to make it simpler for non-crypto native users to join Web3 and wants to help brands explore Web3-powered commerce by enabling them to offer payment options that allow users to easily switch from fiat to crypto. The company's initial plans are to develop partnerships with leading streetwear and sneaker brands, with an ultimate goal of expanding its ecosystem across fashion, luxury items, and consumer collectibles.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14