UnUniFi Protocol raises $1.5M in Seed Spherical to construct the primary Decentralized Cross-Chain NFTFi Platform with Auto DeFi Yield

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New York, New York, 1st December, 2022, Chainwire

UnUniFi could be very proud to announce the completion of a $1,500,000 strategic fundraise led by gumi Cryptos Capital, with participation from Coincheck, Hyperithm, MZ Web3fund, Arriba Studio and gC Incubation.

“The true utility of UnUniFi is NFTFi performance with a proprietary valuation algorithm, mixed with our interchain yield aggregator.”-Yu Kimura, Founder

UnUniFi is a Layer1 blockchain protocol for offering environment friendly NFT lending via an inner NFT market on the Cosmos ecosystem. UnUniFi protocol began growth in This autumn 2021, and launched its mainnet in Could 2022. This strategic fundraise marks the conclusion of our seed funding spherical, with the help of enterprise capital funds and traders from around the globe. UnUniFi will use the funding from this seed spherical for continued growth and scalability in keeping with the Roadmap, with a direct concentrate on delivering the product releases and product-market match (PMF). We’re very grateful for such nice help so early in our growth, and we sit up for realizing our mission “to offer each NFT the chance to DeFi”.

Why is UnUniFi Particular?

UnUniFi would be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated utilizing actual demand information, whereas permitting its customers to generate computerized DeFi yield on borrowed belongings.

Whereas different NFTFi platforms make use of a peer-to-peer or liquidity-pool lending mannequin, UnUniFi combines actual demand for the NFT itself with the intrinsic demand for liquidity era, giving NFT holders sooner and extra versatile entry to lending.

This know-how is scalable for institutional customers and might be carried out externally by different platforms as an NFT valuation oracle.

Moreover, UnUniFi’s API, consumer library, Bubble plugin, and frontend incentive module all mix to permit the mission to develop into the primary profitable ecosystem with a really “decentralized frontend”.

Study extra: How does UnUniFi work?

“Many tasks have tried to construct a financing ecosystem round NFTs, since NFTs have develop into a big asset class. Nonetheless, because of the distinctive nature of NFTs, low liquidity causes conditions the place it’s onerous to recuperate financing capital. Throughout distressed markets, this turns into a bottleneck. UnUniFi contains of a market infrastructure with  built-in worth discovery performance; this enables liquidity to be secured from the start. We imagine UnUniFi will have the ability to create alternatives for the large market of NFTFi” mentioned Rui Zhang, Managing Companion of gumi Cryptos Capital. 

What Comes Subsequent?

Whereas the completion of the seed funding spherical represents an enormous milestone for our workforce, UnUniFi’s speedy focus is on realizing its This autumn product releases and PMF. These aims embrace: bringing to market NFTFi performance with the flexibility to collateralize NFTs; the Interchain Yield Aggregator for computerized DeFi yield; enabling of Cosmos IBC (Inter-Blockchain Communication) and extra. 

These core functionalities will assist understand the foundations of a really decentralized NFTFi platform. By way of staggered updates and bulletins the aim is to proceed creating speedy public consciousness in regards to the standing and availability of our upcoming releases. 

With a purpose to develop the UnUniFi ecosystem, the workforce is actively searching for and negotiating with NFT tasks (an NFT shouldn’t be restricted to artwork or pfp. — there are lots of potential functions in actual property or securities domains, and so on.), dApps, and different potential companions to establish strategic partnerships. UnUniFi continues to simply accept inquiries from exterior collaborators for consideration, the place relevant, and welcome different tasks to contact us and be part of the UnUniFi ecosystem. 

Within the meantime, we proceed engaged on our deliverables and pushing ahead in our mission to encourage the widespread adoption of NFTs as a reputable asset class via sensible and usable DeFi applied sciences.

About UnUniFi:

UnUniFi is a Layer1 blockchain protocol for offering environment friendly NFT lending providers via an inner NFT market with Auto DeFi Yield, all constructed on the Cosmos ecosystem. UnUniFi would be the first NFTFi platform to create a proprietary NFT valuation algorithm calculated utilizing actual demand information, whereas permitting its customers to generate computerized DeFi yield on borrowed belongings via an interchain yield aggregator. UnUniFi goals to be a dApps platform with NFT worth data at its core; the inner NFT market gives useful information for the NFT worth discovery perform, scalable for utilization by exterior platforms and Cosmos IBC integration.

Observe Us:Web site | Twitter | Discord | Github

Contact

Christopher LeeUnUniFi[email protected]



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