GolfN Raises $1.3M Pre-Seed Funding

GolfN, a decentralized golf app provider, closed its $1.3m Pre-Seed funding round.

Backers included CitizenX, Fourth Revolution Capital (@DeFi_Dad), Nom (@TheOnlyNom), and Joe McCann (Asymmetric Financial), among others.

The raise will be allocated to the development and scaling of the app, community, and ecosystem.

Led by Jared Phillips, CEO and Co-Founder, GolfN provides an app that uses tokenization and digital collectibles to allow members to earn rewards for playing and engaging with a physical sport.

The mobile application, due out in open beta later this year, will bring GolfN’s Web3 gamification layer to the real-world game of golf. While using the App as a digital caddie and social platform, players will be able to equip their digital collectible golf clubs to earn rewards during each round, track side games, and organize leagues with friends. For players who did not purchase GolfN’s digital collectible golf clubs during the mint, the company will offer monthly membership subscriptions for which rental NFT clubs will be made available by collectors.

In March 2024, the company released its Genesis Collection of NFT Golf Clubs on the Solana network. The Clubs, which come in various rarities, are the keys to earn scaling rewards in the GolfN ecosystem. Hosted on Tensor Launchpad, one of the leading digital collectible marketplaces, the Mint sold out in under an hour.