Lit Protocol uses decentralized tech to lock things away for you.
Lit Protocol uses decentralized tech to lock things away for you.
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Lit Protocol raises $2.2M to use NFTs for decentralized access passes

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Lit Protocol has raised $2.2 million to build out its decentralized network that enables nonfungible tokens (NFTs) to act as access keys to exclusive content and experiences both online and in the real world.

Collab+Currency and Sfermion led the round, with participation from CMT Digital, Crowdcreate, G1 Ventures, Gumi Cryptos Capital, Kleiner Perkins, Lattice Capital, LongHash Ventures, Protocol Labs, Shima Capital, Tribe Capital, and leading angel investors.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.