Dubai, UAE, March 7, 2023 (GLOBE NEWSWIRE) —
A Web3 startup for investing in NFTs and cryptocurrency nealthy has announced that it raised $1.3 million in pre-funding. The round closed last November, and was backed by experienced Web3 investors, including renowned crypto celebrity ‘DonGeraldo’. Nealthy will use the funds to expand its core team, hire talent and increase sales and development.
Interest in Web3 markets has skyrocketed, with NFT marketplaces registering over 100 million unique visitors monthly. At the same time, potential investors still face significant barriers to market access. Regulators are struggling to keep up with fast-paced trading environments, and NFT prices are also on the rise while serious investments require $20,000 or more.
To overcome these challenges, Nealthy offers index tokens that enable investors to enter Web3 markets quickly and worry-free. Index tokens recreate the structure of classic exchange-traded funds (ETFs) by storing more digital assets on the chain, diversifying the portfolio in case of unexpected market changes. Also, index tokens like nealthy’s $NFTS retain real underlying value, with $NFTS being pegged close to 1:1 with vaulted blue-chip NFTs.
Co-founders Ludwig Schrödl (CEO), Zied Said, known as Zedsi (CTO), and Tim Pascual (CMO) launched nealthy after observing a gap in the market for diversified index tokens. With backgrounds in finance, data science and a deep knowledge of virtual assets, their expertise can keep investors ahead of a fast-growing market.
“As NFT trading markets develop, potential investors are showing increased interest in diversification,” says Ludwig Schroedl, CEO of nealthy. “That’s even more true for first-time investors. A blue-chip index token, like $NFTS, can provide superior investment opportunities at a reduced level of risk. And if we can do it with NFTs, we can do it with any asset on the blockchain.”
As nealthy is incorporated in Dubai, investors can benefit from a world-leading, tax-friendly regulatory environment. The UAE recently established the world’s first independent regulatory authority for virtual assets, known as VARA. The team also plans to incorporate into the Metaverse zone in Anguilla to issue tokens in a regulated environment.
Startup Nealthy handles transactions via blockchain, the decentralized ledger technology behind most cryptocurrencies. The Ethereum Net blockchain enables nealthy to openly display proof of reserve, confirming the presence of blue-chip NFTs in nealthy’s digital vault.
“This is an area of enormous potential, and with any potential comes risk,” said Zedsi, CTO of nealthy. “To counter these risks, we maintain security by storing all assets in cold wallets and smart contracts. Each cold wallet is public and has completely transparent holdings.”
More product releases are coming soon, so be sure to sign up and follow for alpha at www.nealthy.com/alpha.
About fresh
Web3 startup nealthy was founded by experienced serial entrepreneurs and cultivated DeFi investors to provide accessible, diversified exposure to digital assets. With portfolio management deep technology on crypto-tokens, nealthy is more than just curated assets. Combined with fund transparency, Nealthy provides ETF and index-like funds for the digital asset investor. Visit www.nealthy.com for registration and media inquiries and follow nealthy on Twitter.
Media contact:
Robert Pennington
News via KISS PR Brand Story
