Web3 luxury brand, Juhnz, has completed a $1 Million USD seed round of funding led by Bixin Group. Other investors in this round include LK Ventures, along with select angel investors and family offices. This investment provides Juhnz with the necessary resources to advance its product development efforts, as they explore the intersection of luxury lifestyle goods and Web3 blockchain applications.
Juhnz’s first upcoming product release is a collection of 500 limited-edition NFTs each backed by a box of Premium Silver Needle White Tea sourced from Fujian, China. Every box is equipped with a high-end dynamically encrypted NFC chip for authenticity verification and traceability. Upon receiving the product, consumers can tap the chip with their phone to authenticate and obtain all information about the product. The upcoming sale will be limited to invite-only access.