Wakwelli secures US $1.1 million in seed funding for NFT certification agreement

02/28/2023 15:46 • Blockchain Buzz • 152 views

On February 28, the NFT certification agreement Wakwelli announced the completion of US $1.1 million seed round financing, with the participation of blockchain investment companies Summit, Funfair Ventures and a number of angel investors.

NFT certification agreement Wakwelli completed $1.1 million seed round financing, and Summit and others participated in the investment

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Wakwelli, an NFT certification agreement, has successfully completed its latest seed round financing with US $1.1 million raised. The investment round saw participation from blockchain investment firms Summit and Funfair Ventures, as well as a number of angel investors. The funds raised will be used to further develop and enhance Wakwelli’s certification platform for NFTs.

NFTs or non-fungible tokens are unique digital tokens that can represent any form of digital asset, such as artwork, music, or even tweets. The NFT market has boomed in recent years, with the total market capitalization of NFTs surpassing $2 billion in the first quarter of 2021. However, due to the lack of regulation in the NFT market, many buyers are uncertain about the authenticity and ownership of the digital assets they are purchasing.

This is where Wakwelli comes in. The platform provides a certification system for NFTs, ensuring that buyers can verify the authenticity and ownership of the digital asset. With the funds raised from the seed round financing, Wakwelli intends to expand its services, improving the security and authentication features of its certification system.

The participation of Summit and Funfair Ventures in Wakwelli’s latest funding round highlights the growing interest in NFTs within the investment community. Blockchain technology is a key component of NFTs, and as such, blockchain firms such as Summit and Funfair Ventures are well-positioned to provide funding and support for NFT-focused projects like Wakwelli.

Overall, the successful completion of Wakwelli’s seed round financing is a positive development for the NFT market. The certification platform provides much-needed regulation and security for the growing number of buyers and sellers in the NFT space. With further development and funding, Wakwelli and other similar projects could help to usher in a new era of trust and legitimacy for the NFT market.

In conclusion, the NFT certification agreement Wakwelli has successfully secured US $1.1 million in seed round financing. The funding will be used to improve the certification platform for NFTs, which provides much-needed regulation and security in the growing NFT market. The participation of blockchain investment firms such as Summit and Funfair Ventures is a positive sign for the future development of NFT-focused projects.

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