Nonfungible token (NFT) programming layer Revise has raised $3.5 million in a funding round led by AlphaWave Global and 8i Ventures.
A clutch of angels also participated in the round including Sandeep Nailwal, cofounder, Polygon, Utsav Somani, partner, AngelList, and Rahul Chaudhary, co-founder, Treebo. Bharat Founders Fund, a group of founders and senior executives from several startups has also invested in the round.
The funds will be used for hiring and expansion.
Revise was founded by Anil Dukkitpatty and Raunaq Vaisoha in January 2022.
They previously founded Elemential Labs, a blockchain startup that worked with large enterprises such as the National Stock Exchange (NSE), ICICI Bank, among others.
Revise offers developers the rails to programme NFTs and interact with applications and data. This takes NFTs from static images to interactive objects which can react to applications and real-world events.
The company allows developers to add a governance layer that allows creators to audit revisions made to NFTs based on the programming.
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