NFT Infrastructure Vinci Protocol completes $2.1 million in seed funding
Vinci Protocol, a project focused on building an NFT infrastructure where users, developers and companies are empowered to interact with the NFT space in their unique ways, has raised $2.1 million in seed funding led by UOB Venture Management, SigNum Capital and TGE Capital. The team will use the fund to accelerate the development of NFT tools and services, which include NFT Finance, NFT Oracle (NYSE:), NFT Governance and NFT Commerce.
The team also launched their official mainnet and recently completed the Certik audit. Florian, CEO of Vinci Protocol, spoke about the latest developments:
“The new funding gives us incredible resources to continue building a world-class product and meet the demand we see in the NFT space. We will continue to invest heavily in our core product and build it to stand the test of the market and time. For now, we head down and roll up our sleeves to create the best possible product for our community.”
The team behind the Vinci Protocol believes NFTs are the new and most disruptive way of creative expression, allowing artists, brands and companies to offer marketing, authenticity and value creation in the rising digital age. The future of NFTs is full of uncertainty, but according to the Vinci Protocol team, this is where new opportunities and knowledge lie.
In 2022, Vinci Protocol launched their first community NFT and has seen tremendous growth in the many marketing events that followed. Thousands of people have shared and claimed Vinci’s Community NFTs with their friends. And technically, the Vinci Protocol had several important milestones, including the official mainnet launch, developer documents, NFT lending pools on the mainnet, and the NFT Oracle contract on the Ethereum mainnet.
“It is easy to have a vision of a complete NFT infrastructure. However, our approach is to identify the most necessary use cases and build them from the ground up. We are currently focusing on financialization of NFT and NFT data oracles. We will move to designing developer and organization tools in due course.”
Florian also said that the company believes NFT can be used beyond the use cases we see now. NFT can provide an extra layer of security and authentication to physical products and has the potential to democratize property rights. Most importantly, it comes with the ability to store dynamic data that can mutate into much more sophisticated tools.
With this latest investment, Vinci Protocol aims to reach more users, increase engagement with wider communities and expand its user base.
