Aglet

Aglet

Connecting sneakerheads, creators and brands through virtual sneakers. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€16—25m (Dealroom.co estimates Dec 2020.)
Los Angeles California (HQ)
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DateInvestorsAmountRound
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N/A

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$2.5m

Seed

$4.5m

Seed
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N/A

Seed
Total Funding€6.4m

Recent News about Aglet

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Aglet is an innovative startup that merges the physical and virtual worlds through a unique, location-based mobile app. The company primarily targets sneaker enthusiasts, known as "sneakerheads," as well as creators and brands. Aglet operates in the gaming and lifestyle market, offering a platform where users can convert their physical steps into in-game currency. This currency can then be used to purchase virtual sneakers and other digital assets within the app.

The core of Aglet's business model revolves around engaging users in a game that encourages physical activity. By walking and exploring their surroundings, users earn Aglet Currency, which can be spent on virtual items. This gamified approach not only promotes a healthy lifestyle but also builds a community around shared interests in sneakers and creativity.

Aglet generates revenue through several channels. Firstly, the app offers in-app purchases, allowing users to buy additional Aglet Currency or exclusive virtual items. Secondly, Aglet collaborates with brands for sponsored events and virtual product placements, creating advertising opportunities. Lastly, the company hosts design contests and special events, which can attract sponsorships and partnerships.

The market for Aglet is broad but focused on tech-savvy, fashion-conscious individuals who are interested in both gaming and physical activity. By leveraging emerging technologies like geo-location and blockchain, Aglet provides a unique user experience that blends the digital and physical worlds.

In summary, Aglet is a pioneering app that turns physical steps into virtual rewards, catering to sneaker enthusiasts and creators. It operates in the gaming and lifestyle market, making money through in-app purchases, brand collaborations, and sponsored events.

Keywords: location-based, sneakerheads, virtual currency, physical activity, gaming, lifestyle, geo-location, blockchain, in-app purchases, brand collaborations.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.