Digital luxury fashion startup SYKY receives $9m from Seven Seven Six and announces the upcoming NFT collection
In Brief
Alice Delahunt’s digital fashion startup SYKY receives $9 million from Alex Ohanian’s VC firm Seven Seven Six
SYKY will release the “Keystone” NFT collection on January 20
50 NFTs will go to aspiring designers, who will have the possibility to sell their items on the platform.
Alice Delahunt’s digital fashion startup SYKY receives a $9 million investment from Alex Ohanian’s venture fund Seven Seven Six. The round was backed by noted VC firms Brevan Howard Digital, First Light Capital Group, and Leadout Capital.
In addition to the fundraising announcement, SYKY shared the news on the upcoming minting of the genesis “Keystone” NFTs. A total of 987 tokens will go on sale on January 20 at 12 PM EST and will cost 0.2 ETH each (approximately $314 at the time of writing). Individuals can now join the allowlist on SYKY’s website.
The NFTs will grant holders access to future releases, digital and IRL events, networking opportunities, and exclusive fashion industry reports. Out of 987, 50 Keystone tokens will go to aspiring digital fashion designers. Creators will be able to apply for token access later this month. Following this, in February, SYKY will announce the winners. The platform will give them the possibility to showcase, sell, and trade their fashion collections.
More than that, in the second quarter of 2023, the company will release another part of the platform. However, Alice Delahunt has not shared details on the topic.
Former Chief Digital Officer at Ralph Lauren and Burberry, Alice Delahunt, first announced her upcoming digital fashion platform in November 2022. Then, the executive hired luxury fashion experts for her web3 project. For instance, SYKY’s Chief Operational Officer is now Roxanne Iyer, who used to work for Ralph Lauren and Esteé Lauder. Burberry’s Rachel Crowther is the new creative director, and Jonathan Bennett is the CTO.
Read more about digital fashion:
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
More articles
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
