ENVELOP has arranged a 1st-ever VC investment deal via NFT
11 November 2021. ENVELOP, a cross-chain NFT protocol, conducted one of the first venture deals on the market using the NFT mechanism. A well-known visionary and venture investor, Head of Ethereum Competence Center Russia, and co-founder of BlockGeeks, Vladislav Martynov, who received an NFT containing a certain number of locked project tokens and became the first venture investor who participated in the deal.
NFT technology enables interaction between business and the venture capital industry in a completely new format. Due to the use of the ENVELOP protocol, projects, attracting funds from participants in the venture capital industry, have the opportunity to allocate tokens to NFTs and put certain time locks to unlock tokens. The use of NFTs also makes it easier to enter and exit investment deals and gives constant access to liquidity, since the wrapped NFTs with tokens inside can be freely traded by investment funds on NFT or OTC trading platforms and marketplaces.
“The ENVELOP team is highly convinced that this product will once and forever remove the communication gap between the VCs and businesses. Funding should be made easy for all,” says the CEO of ENVELOP, Alexander Shedugubov. “The solution is extremely easy to use. A project wraps NFTs, sets up timelocks, and sends to investors wrapped NFTs corresponding to the number of unlocking periods.”
In addition, the ENVELOP solution significantly reduces security risks, since there is no need to rely on the security of the locking smart contract, which is most often used in investment deals nowadays.
“As a venture investor, I see a huge potential of the ENVELOP protocol for use in VC deals, since it greatly simplifies the investment process and provides a secure tool for liquidity without a time reference. I’m also glad to be one of the first representatives of the venture capital industry to try out this new feature and become the holder of the new type of NFT,” says Vladislav Martynov.
ENVELOP has received support from a number of prominent investors including Animoca Brands, Waterdrip Capital, Moonrock Capital, Damo Labs, YBB Foundation, gate.io, ZB.com, Autonomy Capital, LD Capital, LucidBlue Ventures, Lancer Capital, Cypher Ventures, and others.
ENVELOP is a flexible cross-chain toolset that gives any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), scoring, and anti-fraud system. ENVELOP features are easily implemented in GameFi, Marketplaces, Art, Metaverses, and non-pledge NFT-rentals. For more information visit https://envelop.is.