Singapore-based BlockPunk, which operates a decentralised marketplace for anime, film and TV, has raised $1 million (S$1.3 million) in a seed round led by SeedPlus.
The round was joined by SGInnovate, Hustle Fund, Entrepreneur First and Dai Nippon Printing.
BlockPunk is a platform facilitating the online trading of digital works by anime creators. According to the startup, the distribution of anime goods has become inefficient due to obstacles in its supply chain and licensing. This has led to a rise in illegal trading of goods and content online. BlockPunk aims to address this by allowing goods to be traded efficiently and transparently through a blockchain-powered platform.
“The Japanese government recognises blockchain as an important technology for protecting creators’ rights, and look forward to cooperating with BlockPunk in applying it to Japanese animation, art and entertainment industries,” Dai Nippon Printing said in a statement.
BlockPunk said that its partnership with DNP will extend its platform beyond official digital goods into physical ones.