Seed Funding Led by Blockchain Capital

million in 2021 to support the debut of Spatial Labs and launch of LNQ, an innovative, state-of-the-art chip platform that uses blockchain technology to authenticate products and unlock digital twins.

Founded by 25-year-old entrepreneur and business creative Iddris Sandu, Spatial Labs is committed to creating vertically integrated hardware and software solutions that serve as a physical entry point into the digital world – while delivering real-world utility. The LNQ One Chip, a proprietary 13mm microchip, allows any item to be scaled into a traceable digital asset on the blockchain and provides owners with a digital ledger that tracks a physical item’s authenticity, origin, ownership history, real-time value and enables added benefits such as loyalty incentives, enhanced insights and more.

In addition to empowering more conscious consumption, the LNQ One Chip opens new post-secondary revenue models and is poised to completely revolutionize the brand-to-consumer relationship in the physical and digital world. This technology provides an effective end-all solution for brands, retailers, and creators to reach and engage with their core audience, resulting in increased loyalty and consumer lifetime value.

The LNQ On-Chain Network is powered by Polygon, the leading blockchain development platform offering scalable, affordable, secure, and sustainable blockchains for Web3. The two companies partnered in December to release their first official collaboration, ‘Orbs by Spatial Labs’ x Polygon, a double-layered cotton crewneck embedded with the signature LNQ One Chip. The exclusive offering features a generative graphic on the front and branding on the back. By scanning the Orb, users can view an exclusive AR experience and gain access to future drops and Spatial Labs + Polygon ticketed events.

Since its inception in 2020, Spatial Labs has delivered the most innovative hardware-software infrastructure shaping the future of commerce, consumer experience, and connectivity between brands and the next generation. For more information on Spatial Labs, please visit slabs. one

About Blockchain Capital

Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem. Blockchain Capital has raised seven and deployed five prior venture funds, including the first ever ICO of a venture fund (BCAP) in April of 2017. The firm is based in San Francisco and was founded by serial entrepreneurs and Silicon Valley investors Bart Stephens and Brad Stephens. To learn more, please visit www.blockchaincapital. com or follow @blockchaincap on Twitter.

About Marcy Venture Partners

Marcy Venture Partners (MVP) was Co-Founded by Shawn Carter (JAY-Z), Jay Brown and Larry Marcus.

MVP has a passion for building game-changing businesses and mass-market brands. The firm invests in Consumer & Culture with an emphasis on positive impact including sustainability, inclusivity, accessibility, empowerment and health & wellness. Our companies are led by exceptional management teams with clear vision, purpose and executional excellence. We lead or co-invest in companies that have meaningful brand values, high customer joy driven by an outstanding product, demonstrated growth and clear catalysts for the next level of scale. https://www.marcyvp. com.

https://www.blackenterprise.com/spatial-labs-secures10m-in-seed-funding-led-by-blockchain-capital/