PANews reported on March 26th, citing Tech in Asia, that luxury watch raffle platform watch.fun has completed an $8.6 million funding round, led by Crypto.com Capital and Solana Ventures, with participation from Spartan Capital, Animoca Brands, and others. Based on Solana, watch.fun's main feature is its weekly watch raffles, where participants can enter for a minimum of $19 to win Rolex Daytona, Audemars Piguet Royal Oak, Patek Philippe Nautilus, and other timepieces. Each raffle is verifiable on-chain and "provably fair." The watches are sourced, authenticated, and shipped by partner Wristcheck. The new funding will be used for product development, expanding the raffle catalog, compliance and licensing, global business expansion, and team growth. Plans also include introducing tiered memberships and referral bonuses.
