Singapore’s BlockPunk raises $1m in SeedPlus-led funding round

Jatin Shah, Michael Smith, Julian Lai-Hung.

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.