Capsule Corp Labs secures 7.3 million euros in seed funding for NFT solutions

Quick take:

• Capsule Corp is the developer of Ternoa, a Layer-1 blockchain that provides a technology stack for building utility NFTs.
• Capsule Corp Labs provides developers of extended NFT solutions with resources to build NFTs on the Ternoa blockchain.
• The company has helped three NFT startups launch their products in the last six months.

France-based consultancy and tools NFT company, Capsule Corp Labs, has raised €7.3 million in a seed round led by Omnes Capital, Revam and Digital Finance Group, with the participation of French angel investors from the Web3 industry, whose identities have not been disclosed.

The funding consists of a €2.4 million ($2.33 million) token sale from Ternoa ($CAPS) and €4.8 million ($4.67 million) in equity. Capsule Corp Labs will use the funds to strengthen its R&D and expand its 30-person team.

Launched this year, Capsule Corp Labs is the lead integrator of Layer-1 blockchain Ternoa, which is an open source decentralized Layer-1 blockchain that provides developers with a technology stack to build secure and scalable utility NFTs. Projects using Ternoa’s NFTs include Cross The Ages trading card game, MetaFight and more.

Capsule Corp Labs offers “Business-as-a-Service”, meaning developers can leverage the company’s resources to build, launch, run and monetize Augmented NFT dApps on the Ternoa blockchain. An Augmented NFT is a non-fungible token enriched with virtual components that communicate with the user’s environment at the user’s request. Ternoa’s Augmented NFTs turn into locked capsules to make digital assets confidential on the blockchain.

“Unlike today’s NFT market, which operates very similarly to the art market – based on scarcity value, we believe that NFTs will increasingly have utility value. NFTs will initially be used in the development of sectors such as video games, music, entertainment or the metaverse, and then gradually spread to other sectors of activity. Our role is to enable this transition from Web 2.0 to Web3, which can be technologically complex, says Clément Téqui, CEO of Capsule Corp Labs and co-founder of Ternoa.

The resources Capsule Corp Labs provides to developers include strategic planning, branding and marketing, product design, development, tokenization and launch. The company said it has already helped three NFT startups launch their products in the past six months.

“The Business as a Service concept was first generated from Web 2.0, while Capsule Corp Labs innovates this model and upgrades it to a Web3 style that enables all sizes of companies to develop and launch NFT’s products more easily,” said James Wo, founder and CEO of Digital Finance Group.

Capsule Corp Labs has co-launched 20 Mint, a blockchain project with the French newspaper, 20 Minutes. The company also assists Editis, a French group of publishing companies, in identifying use cases for NFTs in the publishing sector.

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