Share this article
Web3 Infrastructure Startup Spatial Labs Raises $10M
Blockchain Capital led the seed funding round, and a firm co-founded by Jay-Z contributed.
By Brandy Betz
Updated May 9, 2023, 4:06 a.m. Published Jan 26, 2023, 1:42 p.m.
Spatial Labs has raised $10 million in a seed funding round that was led by Blockchain Capital. The capital will be used to develop new products and for growth initiatives, according to a press release
The round also included Marcy Venture Partners, an investment firm co-founded by musician and entrepreneur Jay-Z. Marcy previously backed Spatial Labs in a $4 million pre-seed round in 2021. Other backers in the latest round included noted businessman Ron Burkle, music producer Scooter Braun as well as Anthony Tolliver, a former pro basketball player, and Bobby Wagner, a linebacker for the Los Angeles Rams.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Founded in 2020, Los Angeles-based Spatial Labs creates hardware and software that allows users to buy and sell items like clothes online and prove the items' origin and past history with an embedded microchip.
“Spatial Labs is designing next-gen technologies to connect brands to younger demographics that shop and interact with products in completely new ways," Spatial Labs founder Iddris Sandu said in the press release. "Through our technology solutions, we provide brands with rich consumer data and previously inaccessible revenue models."
The new funding will go toward hiring and helping Spatial Labs scale and diversify its tech stack and expand beyond consumer goods into other industries, including media and entertainment.
Read more: How the Fashion Industry Connects With Crypto: Explained by Spatial Labs Founder
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
