As first revealed at Vulcan Post earlier today, our pals at Mighty Jaxx have clinched a new investment of S$2,150,000 (about £1,250,000) to continue their global expansion. Congrats to Jackson and his team who have worked hard over the past seven years to be one of the premium Designer Toy brands in the scene. This is great for Mighty Jaxx, but also great for the whole community as a growth in Mighty Jaxx will see more artists get the opportunity to present their art in new & exciting formats, as Mighty Jaxx have proved since their inception in 2012.
The funding will also be used to further develop their propriety blockchain powered platform, allowing Mighty Jaxx to issue tamper-resistant and permanent certificates to every release. Allowing for future-proofing reliability in the Mighty Jaxx product. We saw some aspects of the blockchain in vinyl toys with CryptoKaiju earlier this year (read HERE), so we are glad to see that this is gaining traction and other parties are getting involved. Lets see how this blossoms over the coming months. Consider us intrigued.
As an industry we are only just scratching the surface of how powerful harnessing technology can be when combined with the massive scale & transactions offered by our global fanbase to scale our growth fast. Having the support, strategic experience, perspective and relationships of leading investors like Eight Mercatus and SGInnovate onboard will help us execute our vision with better precision and speed.Jackson Aw, Founder & CEO of Mighty Jaxx
Quotes, images & details from Vulcan Post.