Wincast, an interactive NFT platform for live sports, announces the closure of a $675K pre-seed round led by blockchain-focused investment firm CoinFund. Additional investors who participated in the raise include BNB Chain Fund and Dream Ventures.

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“We are redefining the experience of watching sports by combining it with NFTs”

Founded in 2021, Wincast combines live sports and NFTs for a modern interactive experience. Users of Wincast are able to own licensed digital media in the form of an NFT that captures moments they’ll hold on to forever. For example, once a batter steps up to the plate, users can begin bidding on an NFT, minted by Wincast, of that moment in real-time. The highest bidder is then rewarded with that NFT.

The first phase of Wincast’s launch will feature a live streaming infrastructure where users watch the sporting events they’re bidding on in real-time, enabling an immersive, interactive experience. Another component of Wincast’s platform includes a proprietary dynamic minting engine that allows Wincast to capture linear sports feeds, edit the video down to collectible size, input it into a predetermined template, and deliver it to a user’s wallet without any interaction.

“We are redefining the experience of watching sports by combining it with NFTs,” said Noah Kline, CEO and Founder of Wincast. “Imagine the ability to commemorate a single event leading up to one of the greatest moments in sports history such as the pressure packed pitch in the bottom of the 9th inning, or the wind up before a final knock out – the possibilities are endless.”

The funds raised will be used to significantly progress the development of the platform. Having operated in stealth, the team will also place an emphasis on acquiring new users across a range of digital mediums.

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“We’re thrilled to support Wincast as they fundamentally reshape the sports collectibles market for the digital age,” said Alex Felix, CIO at CoinFund. “Reflecting on how far we’ve come since the age of simple trading cards, I envision NFTs will be an important part of memorializing live experiences through enhanced engagement and relationships with fans.”

The team is gearing up to officially launch the platform in July 2022. In tandem with the launch, Wincast is partnering with Empire Boxing Enterprises to bring the Wincast experience to fans in their upcoming PPV fights.