Authic Labs

Authic Labs, a software solutions provider based in Amsterdam, offers a no-code, customizable solution for companies and creators to enter the Web3 ecosystem. It facilitates the creation and selling of digital assets on its own digital marketplace in sectors such as art, sports, fashion, events, and gaming. The marketplace offers features such as smart contract transparency, cryptocurrency and fiat payment options, and KYC/AML tools.

 The company's Authic Suite solution, which has served over 9,000 businesses, is powered by the Ethereum blockchain and is designed to be a white-label marketplace for digital assets, enabling companies to integrate Web3 technology into their business and create unique loyalty programs. The company uses lazy minting, which allows creators to avoid paying gas fees. The marketplace supports ERC-721 and ERC-1155 contracts and allows creators to set their own royalty fees (between 0% and 12.5%) and keep track of secondary sales. 

Its subscription-based pricing model starts at EUR 49 (~USD 53) and also includes custom enterprise pricing. The company supports custodial and non-custodial wallet options alongside traditional fiat payment methods such as ApplePay and Visa.  

Funding and financials

In January 2023 , the company raised pre-seed funding in a round led by Rockstart and Graduate Entrepreneur. The amount of funding received remained undisclosed. The funding was allocated to be used for scaling the company’s operations and tech team, improving product offerings, and expanding its marketing and advertising campaigns.