Wakwelli Raises US $1.1 Million in Seed Round Financing

02/28/2023 15:46 • Daily Digest • 75 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

Interpretation of the news:

Wakwelli, an NFT certification agreement, completed its seed round financing on February 28 garnering US $1.1 million from Summit, Funfair Ventures, and a number of angel investors. The announcement came amidst a time where the NFT market has seen a surge in interest and attention from both investors and collectors.

The certification of NFTs is vital for investors and collectors as it provides assurance that they are acquiring an asset that is unique, one-of-a-kind, and verifiable. This verification is done through a digital signature that is stored on the blockchain, which authenticates the ownership of the NFT. However, the process of certification is not standardized, leading to inconsistencies and confusion. This is where Wakwelli comes in.

Wakwelli aims to provide a standardized certification process and a platform where NFT buyers and sellers can transact with confidence. With the seed round financing, Wakwelli can continue to develop and improve its technology, which will help certify NFTs faster and at a more efficient cost.

The blockchain investment companies, Summit, and Funfair Ventures, showcased their confidence in Wakwelli’s vision with their participation in the seed financing round. The fact that multiple angel investors also backed Wakwelli with monetary support is an indication that the certification of NFTs is a much-needed service in the market.

Wakwelli’s successful seed funding round also shows the immense potential of the NFT market, which experts predict will only continue to grow in the future. With mainstream companies such as Christie’s, Sotheby’s, and the NBA getting on board with NFTs, the market is no longer just a niche interest for crypto enthusiasts. It has become a viable investment opportunity for everyone.

In summary, the seed round financing of US $1.1 million for Wakwelli is a significant achievement for the NFT market. It highlights the growing importance, standardization, and regulation of NFT certifications. As the market continues to develop, it will need more companies like Wakwelli to ensure that investors and collectors can transact with ease, security, and confidence.

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