According to the company’s official announcement, the Solana-based luxury watch raffle platform will use the new funding for product development, compliance, licensing, global expansion, and hiring.
Watch.fun announced in an official statement that it raised $8.6 million in a funding round led by Crypto.com Capital and Solana Ventures. The company operates a Solana-based luxury watch raffle platform that offers weekly draws through $19 tickets for items including the Rolex Daytona, Audemars Piguet Royal Oak, and Patek Philippe Nautilus. The funds are earmarked for product development, compliance, licensing, global expansion, and team growth.