Printr Raises $2.5 Million in First Financing Round

Printr, a chain-abstracted token marketplace, secured $2.5 million in its initial funding round, as announced in a release shared with The Block.

Investors

This funding round saw participation from several notable investors, including Sfermion, Draper Dragon, Bitscale, Hermeneutic, Sui Foundation, Axelar Foundation, and Flow Foundation. This amount marks the total funding accumulated by the firm to date.

About Printr

Printr provides a platform for users to launch memecoins across various blockchains, including Ethereum, Solana, Sui, BNB, and Base, leveraging Axelar’s interoperability to unify liquidity. The firm intends to utilize the pre-seed funding to expand its team and enhance its product offerings.

Vision

MasterPrintr, the founder and CEO, expressed that this funding will facilitate the development of the first chain-abstracted token launchpad, enabling users to create tokens across multiple chains. He emphasized that in the crypto world, the token itself is the product, and Printr aims to democratize access to crypto for a wider audience.

Market Trends

In the past year, the number of memecoin launches has surged, with platforms like Pump.fun simplifying the token launch process. Notably, the Solana blockchain has seen the highest number of memecoin launches, leading to a more than 600% increase in the network’s total value locked within the last year, according to previous reports by The Block.