Underdog Protocol seeks to empower developers & communities to integrate digital assets into their product or workflow via our API
Our approach is unique as we provide Web2 + Web3 integrations, vertical tools to interact with all types of Solana NFTs, and focused on data.
Web3 Dapps struggle with limited on-chain data, Web2 walled gardens, and poor composability, leading to underwhelming user experiences.
Our initial deliverable was an API for dynamic NFT integration into on/off-chain products, enabling personalized experiences and user insights capture.
We closed our first round in Q4 2021, involving Oneblock Capital, eiV ventures, and Underdog Labs, raising $500,000 on a $10M post-money valuation.
We’ve been fully live for 6 months, have revenue, and big brands onboarded. To be able to grow and build even faster, we’re opening our seed round.
Underdog has traction with major brands and 25+ use cases falling into categories such as on-chain reputation, loyalty and rewards, and tracking activities with partners like Parcl, Dispatch Forums, Solana Mobile, and Superteam.
We have been able to generate a pipeline of $150,000/ARR in potential revenue (expected by Feb ‘24.) and are generating $2.9K/MRR in both Developer and Enterprise Segments.