Watch trading platform WATCHES.IO has completed a $1.9 million pre-seed funding round, with Lemniscap leading the investment.

According to BlockBeats news on February 14th, the well-known watch trading platform WATCHES.IO announced the completion of a $1.9 million pre-seed round of financing, led by Lemniscap, with participation from Builder Capital, Soft Holdings, Darkside Capital, Big Brain Holdings, Marin Ventures, and numerous angel investors. It is reported that WATCHES.IO uses encryption technology to provide a seamless experience for Web3 users to purchase, trade, and invest in watches.