Colecti secures €470,000 funding for NFT Marketplace
Next generation Web3 platform, Colecti, has secured €470,000 in equity investment to become the first NFT marketplace on Lisk blockchain. The company received the funds from the Lisk network last year as part of its pre-seed strategy, ahead of the token sale starting on April 24, 2023.
Following the investment round, Colecti has allocated the funds to build its highly efficient, low-fee NFT marketplace. Through the initiative, Colecti aims to create a user-friendly hub on Lisk, where users of all levels of experience can easily and safely engage with NFT collectibles.
To back up the offering and to further develop its platform, Colecti has now launched its first token sale, which will run from April 24th to May 7th. In total, the company will distribute 100 million of its initial $COL tokens at a price of $0.025 LSK apiece. According to a press release, the funds raised from the token sale and pre-seed round will be used to expand the Colecti team by bringing in expertise in key areas, and to improve platform features and other features to accelerate growth.
The first NFT marketplace on the powerful Lisk Blockchain
Launched in 2016, Lisk is a blockchain network working to bring 100 million users to Web3. The software development kit allows developers to build application-specific blockchains using JavaScript. It is this SDK that Colecti uses to build up its NFT marketplace.
The project describes itself as a “community-driven NFT marketplace” with a goal of making it easy for users to access and interact with non-fungible tokens. As such, the project aims to deliver a user-friendly platform that charges low fees and suits creators and collectors of all experience levels.
Lukas Bronsvoort, CEO of Colecti, is excited about what they are cooking. He is particularly grateful for the funding from Lisk, as it will help the platform to put the idea into practice. In a statement he notes that “Lisk is a recognized name in the blockchain industry and this investment is a significant milestone for Colecti. Their investment is critical in supporting us in working to create a thriving NFT ecosystem on Lisk, bringing us closer to our vision of making NFTs are accessible to all.”
In addition to its core platform, Colecti also aims to involve its members in the decision-making process by implementing a DAO. This innovative approach ensures that members have a voice in deciding how the marketplace works. But that’s not all, Colecti also offers its members various benefits. Validators, for example, are entitled to a share of the profits, with 50% of commissions paid to them in $LSK.
About Colecti
Colecti is a community-driven NFT marketplace with a mission to provide a platform that empowers creators and entrepreneurs. The goal is to inspire community members to bring their NFT ideas to market and connect with other users eager to discover new and exciting products. The project has its offices in Utrecht, the Netherlands.
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*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products before making any type of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media around the world.
