PuffPaw, Blockchain-Powered E-Cigarette Maker, Secures $6 Million in Seed Funding
CryptoNewsTerminal Staff05 Sep, 2024
PuffPaw, Blockchain-Powered E-Cigarette Maker, Secures $6 Million in Seed Funding
PuffPaw, an innovative blockchain-based e-cigarette company, has secured $6 million in seed funding to revolutionize the vaping industry. Led by Lemniscap Ventures, the round saw participation from prominent investors including Volt Capital, Spartan, and Holyhill Ventures. PuffPaw's unique offering lies in its integration with blockchain technology. The company records users' smoking habits on a tamper-proof blockchain, creating a transparent and verifiable system. Moreover, users are rewarded with PuffPaw's native token for reducing their smoking, fostering healthier habits. The token also serves as a utility within the PuffPaw ecosystem, enabling users to purchase cartridges for their e-cigarettes. This closed-loop system incentivises responsible smoking behaviour and provides a frictionless experience for users.
