Southeast Asian Web3 technology startup Gaspack has secured additional funding through a pre-seed round with the support of eMerge, the angel investor network of MDI Ventures, and Arise.
The amount of investment was not disclosed but the startup said 500 Global and Tokoin also participated in the funding round.
The company plans to use the funds to strengthen its capabilities to empower creators and brands in the Web3 economy through its Web3 digital comic publishing platform, Kometh. Gaspack intends to acquire world-class creators to democratize decentralized intellectual property (IP) development.
Kometh is Gaspack’s Web3 comic store built on blockchain technology, which allows users to purchase the rights to read and own, collect, trade, sell, and gift comics.
Kometh accepts True Digital Comics (TDC) purchased with ETH using a non-custodial wallet. NFT holders can also access comics from NFT projects they support to gain benefits and discounts for future comic releases. Users can also subscribe to their favorite comics and receive new content updates directly from the creator.
Gaspack leverages Web3 technologies, particularly NFTs, to protect intellectual property, establish ownership over work, and build a loyal community of fans.
In just one year, the startup disclosed that it has supported eight creators in launching NFT projects, generating a total Gross Transaction Volume (GTV) of $12 million. Gaspack’s first comic, “Garden Point,” was launched on Kometh, selling nearly 17,000 digital copies within 1.5 hours of its release.
The comic features characters from the blue-chip NFT project Azuki, which harnesses the potential of decentralized IP development. Eisner Awards winner Paul Jenkins wrote the comic, captivating readers with its thrilling storyline and vibrant artwork.
With this funding, the startup said it aims to democratize IP development and support creators in the Web3 economy, while Kometh provides users with a seamless and secure platform to purchase and own digital comics.
