Pylons

Growth Stage

Mobile blockchain with fiat payments and the free-to-play mechanic that won Web2

Overview

Raised to Date: Raised: $25,068

Total Commitments ($USD)

Platform

Republic

Start Date

11/21/2022

Close Date

03/17/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$50,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

44

% of Min. Goal

100%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$348

# of Investors

48

Momentum
cold.svg
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Location

New York, New York

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Pylons, with a valuation of $50 million, is raising funds on Republic. The company has developed a platform to bring Web3 to where the users are and digital ownership to the mainstream web. The Pylons stack includes blockchain, mobile wallet app, SDK, and art minter and has the tools to buy, sell, and trade digital assets. Pylons has a community of over 6,000 across social platforms and supports social cards when sharing and listing assets. Michael Sofaer founded Pylons in May 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used to expand the marketing and business teams and improve the user experience.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,444,723

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$136,433

$0

Accounts Receivable

$0

$0

Total Assets

$1,345,427

$0

Short-Term Debt

$5,151

$0

Long-Term Debt

$2,615,000

$0

Total Liabilities

$2,620,151

$0

Financials as of: 11/21/2022
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Pylons on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $50,000,000

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