​​ Blockchain startup Snickerdoodle Labs (SdL) has raised $2.3 | NFT Community

​​ Blockchain startup Snickerdoodle Labs (SdL) has raised $2.3 million in a seed funding round.

The company is using NFT technology to build a platform that protects user privacy and data and allows the owners to monetise them securely. SdL was co-founded by PayPal's former head of blockchain strategy Jonathan Padilla.

The seed round was led by Hong Kong-based blockchain investment firm Kenetic, with participation from venture capital funds Blockchain Capital, Struck Ventures, Zilliqa Capital, FTX, Sam Bankman-Fried, Tribe Capital, and Zinal Growth.

SdL is different from other NFT ventures since it is designed for the creation of commercial and industrial NFTs by using NFTs as the cookies of the Web 3.0 ecosystem, rather than just have NFTs represent digital items

The startup said it plans to host a token offering this summer to "further capitalize" its development and growth.