Chain-abstracted memecoin launchpad Printr raises $2.5 million in pre-seed funding

Quick Take

  • Printr allows users to launch and trade memecoins across numerous chains.
  • The firm plans to use the pre-seed funding to grow its team and build out its product, among other uses. 

The chain-abstracted token marketplace Printr raised $2.5 million in the firm's first financing round, according to a release shared with The Block.  

Sfermion, Draper Dragon, Bitscale, Hermeneutic, Sui Foundation, Axelar Foundation and Flow Foundation participated in the funding, which comprises the firm's total funding to date. 

Printr allows users to launch memecoins across numerous chains, such as Ethereum, Solana, Sui, BNB and Base, with the interoperability platform Axelar unifying liquidity. The firm plans to use the pre-seed funding to grow its team and build out its product, among other uses. 

"This raise will enable Printr to build the first chain-abstracted token launchpad, allowing anyone to create a token on any chain or multiple chains," the firm's founder and CEO who goes by MasterPrintr told The Block. "We believe the token is the product in crypto. Printr will democratize access to crypto for the masses."

Memecoins launches soared within the past year, with platforms like Pump.fun facilitating quicker and easier token launches. The Solana blockchain contained the most memecoin launches, to the point where the network's total value locked increased over 600% within the last 12 months, The Block previously reported. 


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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