Paper
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
Paper was a crypto-focused payments processing company launched in February 2022 by co-founder and CEO James Sun, working to make buying, using and holding NFTs easier for everyday customers. Users created wallets through their email addresses and purchased NFTs with credit cards (or crypto wallets) across the Polygon, Ethereum, Solana and Avalanche blockchains. It worked with brands and artists like Fnatic, Deadmau5, Boohoo and YesTheory, and planned a white-label SDK for brand enterprises. In May 2022 it closed a $7.3 million seed round on top of a $2 million angel investment, totaling $9.3 million, co-led by Electric Capital and Initialized Capital with Polygon, FalconX and the founders of Plaid, Twitch, Fractal, MagicEden, Eventbrite, Tagomi and Bison Trails participating.
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
- Founded and funded
Paper launched in February 2022; in May 2022 it closed a $7.3 million seed round on top of a $2 million angel investment, totaling $9.3 million.
- Status
No public record of a shutdown, acquisition or other outcome event was found for Paper.
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.