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Online Luxury Collectible Marketplaces

Myna Swap Raises $6M in Funding

— September 15, 2022 — Business
Myna Swap, the new online trading and vaulting platform for luxury goods, announced today the company raised $6 million in funding. The new Myna Swap marketplace allows collectors to convert their physical assets into digital twins (in the form of NFTs), and buy, sell and trade these vaulted items on the Myna Platform.

Through the new capital, Myna Swap will hire key talent, expand to other collectible verticals, and scale its infrastructure internationally. Currently, the company is building out its Myna Platform, a blockchain-based digital marketplace for physical goods.

“We pride ourselves in adopting the most innovative technology and practices when it comes to the rare collectibles industry,” said Adeel Shams, CEO and Co-Founder of Myna Swap. "Our mission is to connect people with their favorite things, across the globe and our new platform unlocks unrealized potential in the Web3 marketplace for collectors.”
Trend Themes
1. Luxury NFT Marketplaces - The rise of online platforms offering luxury NFT marketplaces provides an opportunity for innovative digital asset management services.
2. Blockchain-based Collectible Marketplaces - The success of Myna Swap highlights the potential for blockchain-based platforms to disrupt the traditional collectibles market and create new investment opportunities.
3. Digital Asset Tokenization - The ability to turn physical assets into digital twins using blockchain technology presents new disruptive innovation opportunities for industries ranging from art to real estate.
Industry Implications
1. Luxury Goods - The growth of online luxury NFT marketplaces offers a new platform for the luxury goods industry to expand and innovate.
2. Collectibles - Blockchain-based platforms like Myna Swap present a disruptive innovation opportunity for the traditional collectibles market, enabling greater accessibility and liquidity for collectors.
3. Blockchain Technology - The rise of blockchain-based collectible marketplaces like Myna Swap highlights the potential for this technology to revolutionize numerous industries beyond the traditional financial sector.
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