Luxury watch raffle platform watch.fun has secured $8.6 million in a funding round led by Crypto.com Capital and Solana Ventures. The platform, which operates on the Solana blockchain, offers weekly lotteries for high-end watches like the Rolex Daytona and Patek Philippe Nautilus, with entry tickets starting at $19. The funding will support product development, catalog expansion, compliance, and global business growth.
Watch.fun ensures each lottery is verifiable on-chain and "provably fair," with watches sourced and authenticated by partner Wristcheck. The platform plans to introduce tiered memberships and referral rewards as part of its expansion strategy.
Watch.fun Raises $8.6M to Expand Luxury Watch Raffle Platform
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