NFTs: New Creative Crypto Startup Raises $1.4 Million | newsletter

• Crypto Startup Ayoken Gets $1.4 Million in Funding

• NFT Marketplace for musicians and other creatives

• Ayoken aims to be a “bridge between fans and artists”.

NFT platform for artists and their fans

Newly launched NFT company, Ayoken, which provides its platform to musicians and other types of creative minds liquefaction From their business, they were able to raise $1.4 million from investors in a pre-incorporation funding round. According to a TechCrunch report, the new funds should enable users to increase their income streams through digital collectibles. At Ayokenlabs, the trading platform of the young company, all kinds of digital valuables from musicians, sports brands and influencers from all over the world are offered for sale and purchase.


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Joshua King, founder and CEO of Ayoken, describes his vision for TechCrunch as “a bridge between fans and artists.” He wants supporters to feel that they own a part of their idols’ success in the form of collectibles. For example, tokens to be offered on Ayoken will include exclusive behind-the-scenes videos and album art, according to King. Additionally, owners of NFTs will also have access to unreleased music and exclusive live events.

“VIP cards give fans the opportunity to hear music that is being streamed live by these artists before it is released on Spotify, Youtube or Apple Music. Fans will also get discounts on future events,” said Joshua King, who has 14 years of experience in the field. Consulting for strategy, growth, innovation and entrepreneurship. For example, during his career, he helped build AZA (Bitpesa), the Nairobi-based platform where he was first introduced to cryptocurrency and blockchain technology.

Euken relies on big names and effective partnerships

According to the CEO, Ayoken will launch NFTs from some of the major African artists as well as tokens from other artists around the world in the coming months. Among the artists who have already partnered with the London-based startup is Ghanaian musician Afrobeats KiDi (Dennis Nana Dwamena), who hit the first-ever NFT drop on June 1.

As far as payment options go, the digital market allows for both crypto and card payments, but King says he plans to add mobile money as an option in the future as the startup makes it easier for users to trade NFTs in emerging markets like Africa for leadership. One is in negotiations about partnerships with a large number of telecom companies on the African continent in order to make this possible. “We are working to reduce friction for users by giving them the option to pay with their card instead of forcing them to use crypto; we are working on partnerships with carriers that will also allow people to make payments in the future” Nothing comes close to what we do, which is why we’ve included Some of the biggest names in the creative industries are on our list of collaborators,” King told TechCrunch.

Ayonken’s distribution partners allow wide reach

The platform will also be equipped with a reward system that rewards users with tokens (Ayo) if they purchase an NFT or attract new users to the digital market through recommendations. The tokens can then be used later when purchasing an NFT for a discount. According to King, the main difference from other NFT platforms is that Ayoken has distribution partners like YouTubers, influencers, newsletters, cryptocurrency exchanges, and telecom companies that market NFT drops, allowing artists to reach a larger audience and not just their fan base.

Forbes compares the concept of Ayoken to that of Socios, the developers of Chiliz Blockchain. Where Socios’ goal was to improve the relationship between fans and sports organizations, Ayoken created a platform where digital collectibles could be mined to enhance fan loyalty to musicians and other artists. As your favorite musician from whom you purchased NFTs growing in the brand and hosting increasingly successful events, as well as collectibles associated with this artist.

Thomas Wieshel / Editor

Image sources: Sergei Elagin /, archy13 /

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