Novel
Founded Year
2021Stage
Seed VC | AliveTotal Raised
$6MLast Raised
$6M | 1 yr agoAbout Novel
Novel is an end-to-end Web3 solution leveraging existing e-commerce infrastructure and payment methods to bring the value of digital goods and their numerous Web3 applications to traditional online shopping experiences, starting in the Shopify ecosystem. In addition to solving the current distribution issues surrounding the creation, minting, and sale of NFTs, Novel layers no-code utility and functionality to NFTs available across the Shopify platform. Novel was founded in 2021 and is based in New York, New York.
ESPs containing Novel
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Platforms for brands, retailers, and creators to tokenize content in the form of non-fungible tokens (NFTs). NFTs represent digital assets or virtual goods — which can range from images to songs to videos to tweets — that are verified through blockchain technology.
Novel named as Challenger among 15 other companies, including RECUR, Venly, and Lambda 256.
Compete with Novel?
Ensure that your company and products are accurately represented on our platform.
Research containing Novel
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Novel in 1 CB Insights research brief, most recently on Mar 14, 2023.
Mar 14, 2023 report
Retail Tech 100: The most promising retail tech startups of 2023Expert Collections containing Novel
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Novel is included in 7 Expert Collections, including E-Commerce.
E-Commerce
10,325 items
Blockchain
9,640 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Various industries include financial services, trade finance, supply chain, enterprise tech, consumer and retail, and healthcare.
Payments
2,682 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
7,974 items
US-based companies
Loyalty & Rewards Tech
178 items
Digital Content & Synthetic Media
1,590 items
The Digital Content collection includes companies that use technology to create, manage, and distribute digital content under all forms, including images, videos, audio, and text, among others.
Novel Frequently Asked Questions (FAQ)
When was Novel founded?
Novel was founded in 2021.
Where is Novel's headquarters?
Novel's headquarters is located at New York.
What is Novel's latest funding round?
Novel's latest funding round is Seed VC.
How much did Novel raise?
Novel raised a total of $6M.
Who are the investors of Novel?
Investors of Novel include Vaynerfund, Lerer Hippeau, Costanoa Ventures, Roth Martin and Sugar Capital.
Who are Novel's competitors?
Competitors of Novel include Verisart and 1 more.
Compare Novel to Competitors
Venly provides solutions to integrate blockchain projects. The company offers a digital wallet, a marketplace for buying and selling non-fungible tokens (NFT), and a platform to create, manage, distribute, and secure non-fungible tokens (NFT). It was formerly known as Arkane Network. The company was founded in 2018 and is based in Willebroek, Belgium.
Bitski operates as a digital wallet as a service platform. It offers custom digital wallets integrated into the decentralized web. The company was founded in 2018 and is based in San Francisco, California.
WEAR is an NFT( Non-fungible tokens) platform that issues authenticated limited-edition digital collectibles created in partnership with luxury brands and contemporary artists. The WEAR platform provides partners with a one-stop-shop solution to create products, curate experiences, and a marketplace to sell them. The company was founded in 2021 and is based in Hong Kong.
SuperRare enables everyone with an internet connection to be an art collector. Authenticated by the Ethereum blockchain, SuperRare is a social marketplace for earning crypto and trading one-of-a-kind digital artworks from artists around the world.
Rarible delivers a community-owned non-fungible token marketplace. It enables users to create, sell, or collect digital items secured with blockchain. The company was founded in 2020 and is based in Wilmington, Delaware.
UNXD is a curated NFT marketplace for digital luxury and culture. The company's platform provides collectors with culturally significant items and experiences, and curates significant digital cultural moments and more, thereby bringing tangibility to the NFT space and intertwining the digital and physical worlds. It was founded in 2021 and is based in Santa Monica, California.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.