Details

Last Funding Type

Seed

Last Funding Money Raised

$3.80M

Industries

Finance,Information Technology,Software,Virtual Currency

Founded date

Jan 1, 2021

Number Of Employee

1 - 10

Operating Status

Active

Also Known As

Fayre Labs

Fayre is an NFT marketplace and ecosystem for brands and fans. It features a multi-chain NFT platform, a brand dashboard and companion app to take NFTs into retail, stadium and festival environments.

Fayre provides a comprehensive suite of tools for brands to participate and engage with their current and future audiences in real life and across the Metaverse.
• A multi-chain marketplace.
• A dashboard for brands.
• An NFT membership club.
• Zero transaction fees.
• A companion app.
• Metaverse commerce.
All these modules are wrapped in a friendly UX that hides the underlying complexity of smart contracts.

At the core of this ecosystem is the $FAYRE utility and governance token that loops together on all sides of the NFT market. $FAYRE is a utility and governance token that powers the Fayre Marketplace. It has rich functionality for every side of the market: buyers, sellers, and creators. More specifically, the token is used for:
• Sending rewards
• Payments on the marketplace
• Discounts on transaction fees
• Governance voting
• Staking
Together, this combination of functionalities should simultaneously provide ample velocity (through the use as rewards and payments) and remove excessive supply from the circulation (via staking).

Fayre’s aim is to build a long term ecosystem. Short term an NFT Marketplace with 0% transaction fees. Medium term providing utility and governance via the $FAYRE token. And long term building of Web3 modular components and P2E functionality on the Metaverse.

Fayre was founded by Luis Carranza and Fernando Torres.
Luis is a serial entrepreneur and community builder. He started his career building digital strategy and innovation departments at various marketing agencies, helping brands navigate digital, social and mobile integration. Later, Luis launched London Fintech Week and Blockchain Week, as well as founded Fintech Worldwide Limited, which was sold in 2019. Luis served as the marketing director of Boson Protocol, where he was immersed in NFTs. He soon launched Fayre to help brands enter Web3 and engage with fans.
Fernando is a technologist and entrepreneur with 15 years of experience in software development. Fernando is passionate about media creation, decentralization, and storytelling, and takes a holistic view of technology and product development.
Previously, Fernando won the NFTHack by ETHGlobal competition in the SuperRare category. Prior to joining Fayre, he developed NFT technology as CTO of Coins2Learn, which drove him to co-found Fayre, where he is creating state-of-the-art technology for brands and fans.