Paper

Paper

Verified
Payments infrastructure for a simpler and faster NFT checkout experience. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$8—12m (Dealroom.co estimates May 2022.)
San Francisco California (HQ)
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Acquisition
Total Funding000k

Recent News about Paper

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Paper.xyz is a dynamic startup that operates in the burgeoning Non-Fungible Tokens (NFTs) market. The company provides a suite of developer tools, known as the Minting Toolkit, which simplifies the process of creating, selling, and building utility around NFTs. This toolkit is designed to abstract away the complexities of cryptocurrency, making it accessible to a broader range of users.

The company's platform also includes features for accepting both fiat and cryptocurrency payments for NFTs, including credit card and Apple Pay, with a high authorization rate of over 90%. This flexibility in payment methods broadens the potential customer base, making it easier for users to transact in their preferred currency.

Paper.xyz's platform is designed to be user-friendly and efficient, with self-serve tools that can get a user live in just 5 minutes. It requires no coding knowledge to get started, but is fully customizable for those who wish to code. This makes it an attractive option for both novices and experienced developers.

The company also places a strong emphasis on security and compliance. It conducts Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, and screens for illicit wallets. It is compliant with General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and Payment Card Industry (PCI) standards. Enterprise Service Level Agreements (SLAs) are also available, indicating the company's commitment to reliable service.

Paper.xyz's business model is likely based on a combination of transaction fees for NFT sales and subscriptions for access to its developer tools and platform features. The company serves a diverse range of clients, from individual developers and artists to larger companies interested in leveraging the NFT space.

Keywords: NFTs, Developer Tools, Cryptocurrency, Fiat Payments, User-Friendly, Customizable, Security, Compliance, Transaction Fees, Subscriptions.