Revise

Revise operates as an infrastructure provider in the non-fungible token (NFT) market, offering developers the tools to create dynamic and interactive NFTs. Founded in January 2022 by Anil Dukkipatty and Raunaq Vaisoha, the company aims to evolve NFTs from static digital images into programmable objects that can respond to real-world data and application events. This positions Revise as a key player in the Web3 ecosystem, particularly for applications in gaming and the metaverse.

The founders, Dukkipatty and Vaisoha, are serial entrepreneurs who previously co-founded Elemential Labs in 2016, a blockchain infrastructure startup that catered to major enterprises like the National Stock Exchange of India. Vaisoha's journey into blockchain began with an early fascination with financial markets and Bitcoin, which led him to recognize the need for better development tools to scale the technology. This background in enterprise blockchain solutions provides the team with deep insights into building robust and scalable infrastructure. Vaisoha serves as CEO, while Dukkipatty is the CTO.

Revise's core product is its Software Development Kit (SDK), which allows developers to program utility into NFTs. Instead of being just a static image, an NFT built with Revise can have its properties and metadata change based on triggers from data feeds, app interactions, or other external events. For example, a gaming character's NFT could level up, or a digital collectible's appearance could change based on a real-world event. The platform provides a governance layer for this off-chain data, creating a verifiable audit trail for every update made to the NFT, which ensures transparency and helps in resolving disputes. This functionality is crucial for building complex utilities and enhancing user engagement.

The company's business model is centered on providing this backend-as-a-service for NFT developers. In April 2022, Revise successfully raised $3.5 million in a seed funding round led by Alpha Wave Global and 8i, with participation from notable investors including Sandeep Nailwal of Polygon. The funds were allocated for team expansion and further product development. The Revise SDK is blockchain-agnostic, designed to be compatible with all EVM chains like Ethereum and Polygon, with plans to support others such as Solana.

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