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- Crypto startup Time.fun raises $3M in seed funding led by Brevan Howard Digital, with participation from Coinbase Ventures and Solana co-founders.
- Time.fun platform on Base allows creators to tokenize their time, enabling traders to buy, sell, and redeem minutes for direct messaging or calls.
- Since launching in June, Time.fun has seen $2M in trading volume, with creators earning $60,000 and the platform generating $45,000 in fees.
According to a recent report by The Block, crypto startup Time.fun has secured $3 million in seed funding. The round was led by Brevan Howard Digital, with additional backing from Coinbase Ventures, Breed VC, Zee Prime Capital, and Arthur Hayes’ family office, Maelstrom.
The company announced on Thursday that angel investors, including Solana co-founders Anatoly Yakovenko and Raj Gokal, as well as Helius co-founder Mert Mumtaz and Santiago Santos, also took part in the funding.
The crypto startup started raising money for its seed round in June after launching and recently closed the round, according to its pseudonymous founder 0xKawz. The funding was secured through a simple agreement for future equity (SAFE) with token warrants, though 0xKawz did not disclose the valuation.
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Time.fun is a platform on the Ethereum Layer 2 blockchain, Base, that allows creators to tokenize their time. This means traders can buy, sell, and redeem time in minutes, which can be used for direct messaging or one-on-one calls with the creator. Creators earn fees whenever their time is traded or redeemed.
Since its launch on June 17, Time.fun has seen around $2 million in trading volume (570 ether, ETH), with creators earning approximately $60,000 (15 ETH). The platform also takes a cut of the fees, generating about $45,000 so far.
Additionally, Time.fun uses a bonding curve, a formula that adjusts an asset’s price based on how much is available, allowing unlimited trading of tokenized minutes.
