Pylons Inc.

Pylons Inc.

Mobile blockchain with fiat payments and the free-to-play mechanic that won Web2

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Security Type
Crowd SAFE
Min Investment
$100
Location
NEW YORK, NY
Offering Date
November 21, 2022
Expected Close Date
March 17, 2023
Target Raise
$25.00K-$1.24M
No. Investors
91
Security Price
$1
Website
pylons.tech
Number of Employees
1
Cash
$136,433
Revenue
$0
Short Term Debt
$5,151
Cost of Goods
$0
Long Term Debt
$2,615,000
Net Income
$-1,444,723

Key Deal Facts

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

Management Team / Advisory Board Bios

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.

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.
Amount Raised : $36,126
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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