{"id":73135,"date":"2023-01-26T20:22:19","date_gmt":"2023-01-26T18:22:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73135"},"modified":"2025-09-09T12:24:53","modified_gmt":"2025-09-09T09:24:53","slug":"web3-firm-spatial-labs-raises-10-million-in-seed-round-led-by-blockchain-capital","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/web3-firm-spatial-labs-raises-10-million-in-seed-round-led-by-blockchain-capital\/","title":{"rendered":"Web3 firm Spatial Labs raises $10 million in seed round led by Blockchain Capital"},"content":{"rendered":"<p>Specialising in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>-infrastructure, Spatial Labs raised $10 million in seed funding.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re excited to back <a href=\"https:\/\/twitter.com\/iddris_sandu?ref_src=twsrc%5Etfw\">@iddris_sandu<\/a> as he builds the Wearable Internet. <a href=\"https:\/\/twitter.com\/spatial_labs?ref_src=twsrc%5Etfw\">@spatial_labs<\/a> \ud83c\udf10 <a href=\"https:\/\/t.co\/n2bRJXNzMr\">https:\/\/t.co\/n2bRJXNzMr<\/a><\/p>\n<p>\u2014 Blockchain Capital (@blockchaincap) <a href=\"https:\/\/twitter.com\/blockchaincap\/status\/1618655557363302401?ref_src=twsrc%5Etfw\">January 26, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><!--more--><\/p>\n<p>The round was led by Blockchain Capital. Other investors include Marcy Venture Partners, whose co-founder is rapper Jay-Z.<\/p>\n<p>Last year, the startup raised $4 million in a pre-seed round.<\/p>\n<p>The project was founded in 2020 by Idris Sandu, a 25-year-old Ghanaian. Spatial Labs creates software and hardware tools that connect brands and consumers. <\/p>\n<p>The company\u2019s first development is the LNQ chip, released in May 2022, using <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-polygon-matic\">Polygon<\/a> technology for product authentication and creating virtual copies of physical objects.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLNQ provides users with a single login or ID for all brands they are connected with, and allows them to track the provenance of [products]. Brands, in turn, can access data on how consumers interact with products, and unlock new revenue models,\u201d Sandu explained.<\/p>\n<\/blockquote>\n<p>He noted that 10,000 identifiers had been issued in the experimental phase. The project\u2019s mainnet launch is expected in the coming months.<\/p>\n<p>The funds raised will be directed toward product development and team expansion. <\/p>\n<p>Earlier, the gaming Web3 platform Intella X on Polygon <a href=\"https:\/\/u1f987.com\/en\/news\/intella-x-a-gamefi-platform-on-polygon-raises-12-million\">attracted $12 million<\/a>.<\/p>\n<p>Follow ForkLog\u2019s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Web3 firm Spatial Labs raises $10 million in seed funding<\/p>\n","protected":false},"author":1,"featured_media":73136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133,1110],"class_list":["post-73135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73135"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73135\/revisions"}],"predecessor-version":[{"id":73137,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73135\/revisions\/73137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73136"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}