Redeem
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Redeem, a Kansas-based Web3 startup, built a connectivity layer that lets users link any crypto wallet to a phone number and send, receive and redeem utility NFTs such as tickets, loyalty points and in-game items by scanning a QR code or via text messages, without needing a crypto interface or gas fees. The company raised a $2.5 million pre-seed round led by Kenetic Capital in March 2023 and positioned itself as a B2B2C layer for retail, e-commerce, live events and gaming customers.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Peak funding round
Redeem raises a $2.5 million pre-seed round led by Kenetic Capital in March 2023.
- Product launch
The startup deploys its NFT-verification solution at a VIP dinner during the SXSW festival in March 2023.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.