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Pylons Inc. isn't accepting new investments

Pylons Inc.’s deadline was March 18, 2023

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Pylons Inc.

Mobile blockchain with fiat payments and the free-to-play mechanic that won Web2
Creator Economy P2P Crypto Software Apps Blockchain
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Featured image of Pylons Inc.
$35,126
Raised
90
Investors
Successfully funded and closed on March 18, 2023.
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Closed on March 18, 2023. Information may not be up-to-date. Campaign closed on March 18, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders Summary
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Pylons, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pylons Inc. Crowd SAFE Pylons Form C.pdf
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Hear from some of the 90 investors in Pylons Inc.


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Highlights


  • Intuitive tools to develop, buy, trade, and sell digital assets
  • Bringing Web3 to where users are: on their phones, with their credit cards
  • The Pylons Stack: blockchain, mobile wallet app, SDK, and art minter
  • No crypto needed: it’s the simplest way to buy, view, and trade NFTs
  • Early community of 6,000+ across social channels
  • 10,000+ installs between the company’s apps
  • Support for social cards when sharing and listing assets

Problem


Despite the hype around Web3—the technology for digital item ownership with non-fungible tokens (NFTs)—its potential is limited by its hostility to users. It’s confusing, requires obscure crypto tokens to use, and a degree in Computer Science to understand.

Mass adoption of Web3 tech can be facilitated with a truly user-friendly interface, but NFT blockchains so far cater to crypto enthusiasts—to the exclusion of everyone else. They fail at the three core values that inspired us to create Pylons: Performance, User Experience, and Cultural Integration. 

Solution


It’s time to build a system with real usage by regular people. Pylons is an NFT blockchain that focuses on user and developer experiences first, and the internal crypto enthusiast market second. As the connective tissue of Web3, we’re making digital creation and ownership easy with our comprehensive tech stack—built to deliver long-term value.

Our mobile app integrates easily with Google and Apple Pay’s in-app purchasing, and our blockchain is exceptionally fast. Through them, we bring Web3 to users where they are: on their phones, with their credit cards.

Product


The Wallet App

A beautiful, seamless experience for the art buyer and digital native. Buyers purchase directly from the app, using fiat (traditional currency) or crypto.

The Software Developer Kit (SDK)

A tool for building apps that interact with and connect to Pylons, supporting a range of developer needs. Simply put, almost anything that can be built on Web2 can be built on Pylons.

Easel Minter

Flutter app for artists to create NFTs, compatible with the upload of dozens of file formats from users’ mobile devices. Pricing in USD and compatibility with in-app purchasing enables the largest possible reach for digital art.

Traction


Pylons Wallet has several thousand users, and our user base of developers, artists, and art buyers is rapidly growing. Feedback from the creative community in particular has been excellent, with enthusiastic requests for additional tools.

Based on this feedback, we’re designing a set of tools to push content to community members, including ads, a home page feed, and push notifications.

Customers


The Pylons community has something for everyone. Art on Pylons means everything from visual and audio to 3D models and books. Users can get involved with as many experiences as they like, sell the property they acquire, and mediate the whole experience through a delightful mobile app.

By protecting the user from the machinery of finance that permeates DeFi (decentralized finance), we can create a truly mass-market blockchain experience—and reach the next billion blockchain users.

Business model


Traditional blockchains charge so-called gas fees (transaction fees) for every transaction. Pylons goes beyond this model to natively collect fees from commissions, instead of by transaction. Our chain also has patent-pending native support for using 3rd-party attestations to authorize transactions, allowing users to buy digital items directly with fiat.

We’ve implemented native payment rails with Stripe, and Apple and Google’s in-app purchasing. And by using the attestation system for gating of transactions and cash withdrawals, we’ve dramatically reduced risk by shifting it onto trusted Web2 partners.

Market


As a uniquely innovative Web3 venture, the vision and function of Pylons overlaps with several billion dollar markets, including free-to-play mobile games ($78B), online ticketing ($28B), and fine art ($65B).

Comparable platforms in the digital item market saw massive 2021 revenues, including $1.3B for Axie Infinity, $365M for OpenSea, and $1.9B for Roblox.

Competition


Our freemium business model (commissions instead of gas fees), has better scaling efficiency and cheaper transactions than other blockchains due to a faster and computationally less expensive transaction model.

Many other chains now advertise themselves as gas-free, and fake it with rebates. Our response? To leverage our head start with our patent-pending technology and beyond-gas-free model.

Vision and strategy


Pylons’s vision is to combine the power of art and technology as a force for positive progress. It’s why we’ve built the next generation layer 1 blockchain for all: Pylons is the infrastructure that could power the future of Web3.

We are seizing our moment. We already have the technology, now we’re ready to aggressively expand our marketing and business teams while continuing to polish the user experience. 

Funding


Pylons has raised over $3.4M to date. With these funds, we’ve built the signature technology stack needed to make freemium blockchain a reality: our truly gas-free chain, highly user-friendly mobile wallet, set of native fiat onramps to allow transactions in fiat currencies, and mobile NFT minter that can price in fiat or crypto.

Our tech has served real artists and buyers. It’s validated and ready to scale.

Founders


Michael Sofaer, CEO

As Former Chief Architect of Tradehill—the first compliant Bitcoin exchange in the US—Michael personally designed the Postgres-based trading engine, the JSON API, and the integrations with Bloomberg and IAFCU. He was CTO of BKCM and led the initial investment into Ignite and Cosmos. He is committed to building blockchain products to onboard the whole planet.

Josh Kershner, General Counsel

Josh Kershner worked for the Social Security Administration and Department of Justice for a decade until joining Pylons in March 2022. He believes the future of Web3 depends on providing a mass market audience with safety as they join the blockchain ecosystem. He works with the engineering team to ensure Pylons is regulatorily compliant. 

Summary


As Web2 businesses begin to slow down and Web3 ventures begin to accelerate, Pylons has the potential to emerge as a leader in the space.

Pylons has several key tech innovations separating us from the rest of Web3—plus broad appeal and mitigated risk. Our first-mover advantages include using a commission model instead of gas fees, natively accepting fiat payments instead of crypto, and doing so on mobile devices instead of a web browser.

Someone is going to make a lot of money in Web3 without resorting to rug pulls, hacking, or DeFi—and Pylons is well positioned to be that someone.

Deal terms


Valuation cap

$50,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$100

The smallest investment amount that Pylons Inc. is accepting.
Learn more

Maximum investment

$50,000

The largest investment amount that Pylons Inc. is accepting.
Learn more

Funding goal

$1.24M

Pylons Inc. must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
Pylons Inc. needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (currently Michael Sofaer)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Pylons, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pylons Inc. Crowd SAFE Pylons Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Pylons Inc..
Invest
$100
Receive
  • An exclusive digital collectible (NFT) as the symbol of the equity you are receiving in the company.
Invest
$500
Receive
  • All perks listed in the previous tier.
  • Access to the yearly Pylons Investor conference call.
Invest
$1,000
Receive
  • All perks listed in the previous tier.
  • A custom investor badge on your Pylons app profile.
  • A custom digital portrait minted on the Pylons chain and gifted to you.
Invest
$2,500
Receive
  • All perks listed in the previous tier.
  • A custom avatar as a selectable skin in Pylons first-party game, Legend of the Undead Dragon.
  • Access to the investors channel of the Pylons Discord
Invest
$10,000
Receive
  • All perks listed in the previous tier.
  • Invite to future Pylons events and creator parties.
  • Gold tier membership in the Pylons Developer Alliance.
  • Priority Development Assistance
  • Early & direct access to our development team to help build features you need for your project.
  • Exclusive 1-on-1 call with our Founder, Michael Sofaer, (OR) Dinner with Pylons Founder in NYC.
  • A VIP invite to our digital NFT Oasis event.
  • Your name listed as an investor on our website. (optional)
  • Limited (4 left of 4)
Invest
$50,000
Receive
  • All perks listed in the previous tier.
  • A seat on the Pylons advisory board.
  • Flight & Hotel stay in NYC to join Pylons CEO, Michael Sofaer, for an exclusive dinner.
  • Invitation to monthly “round table” Q&A with Pylons founder and leadership team.
  • Pylons will host an event for you in our NFT Oasis Genesis Penthouse.
  • Your name listed as a lead investor on our website. (optional)
  • Limited (1 left of 1)

About Pylons Inc.

Legal Name
Pylons, Inc.
Founded
May 2019
Form
Delaware Corporation
Employees
1
Website
pylons.tech
Social Media
Headquarters
Google Map location of of Pylons Inc.
228 Park Ave S PMB 94225 , New York, NY
Headquarters
228 Park Ave S, PMB 94225, New York, NY, United States 10013

Pylons Inc. Team
Everyone helping build Pylons Inc., not limited to employees

Profile picture of Michael Sofaer
Michael Sofaer
Founder & CEO
Former Chief Architect of the first compliant Bitcoin exchange in the US. Designed the Postgres-based trading engine, the JSON API, and the integrations with Bloomberg and IAFCU. CTO of BKCM and led the initial investment into Ignite and Cosmos.
Profile picture of Josh Kershner
Josh Kershner
General Counsel
Worked for the SSA and Department of Justice for a decade before joining Pylons in 2022. Josh believes the future of Web3 depends on mass market safety, and he works with the engineering team to ensure Pylons is regulatorily compliant.
Michael Sofaer
Founder & CEO
Josh Kershner
General Counsel

Press

Tendermint Ventures to Incubate Pylons as Flagship NFT Ch...
Medium
·
Apr 14, 2021

Tendermint Ventures is thrilled to announce that we are incubating Pylons as our flagship NFT chain for the Cosmos ecosys...

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Pylons Inc.

Pylons Inc. successfully raised $35,126 from 90 investors on March 18, 2023
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Richard, Lawrence, Valerie, vitalii, and 86 others invested. 8 Reviews
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