Luxury watch lottery platform watch.fun completes $8.6 million financing, led by Crypto.com Capital and Solana Ventures

March 26th News, according to Tech in Asia, luxury watch lottery 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. watch.fun is based on Solana and features weekly watch lotteries, allowing users to enter for as little as $19 for a chance to win models like the Rolex Daytona, Audemars Piguet Royal Oak, and Patek Philippe Nautilus. Each lottery is on-chain verifiable and "provably fair." Watches are sourced, authenticated, and shipped by partner Wristcheck. The new funds will be used for product development, expanding the "drop" catalog, compliance and licensing, global business expansion, and team growth. The platform also plans to introduce features such as membership tiers and referral rewards.