NFTify Closes $2.1 Million Fundraising By Leading Blockchain Investors

May 3, 2021 — Hanoi — NFTify (N1), an NFT e-commerce marketplace, has closed a 2.1 million USD seed and private financing round led by Ice tea Labs with the support of an impressive roster of blockchain investors including Master Ventures, M6, Moonrock Capital, Morningstar Ventures, X21 Digital, AU21 Capital, DFG, Exnetwork Capital, Lotus Capital, Titan Ventures, and Spark Capital, Magnus Capital, DAO Maker, Inclusion Capital, Chain Capital, Vendetta Capital, FomoCraft, Blocksync Ventures, GD10 Ventures, Das Kapital, Catena Venture Capital.

The private sale represents 13 percent of the NFTify N1 token supply, (and the Seed sale 4.5 percent). The proceeds will be used for platform marketing and expanding our growing partnerships across interoperable e-commerce services on the blockchain to develop the most advanced online NFT platform. 

Additionally, the funds will support general operational and token offering activity as NFTify prepares for its dual IDO (initial DEX offering) on PAID Ignition and PolkaFoundry Red Kite.

The fundraising rounds are led by Ice tea Labs, the incubator of NFTify, PolkaFoundry, Red Kite, and several other emerging blockchain projects. 

Ice tea Labs’ strong connections to both marketing and development resources make it one of the fastest-growing and most efficient blockchain project incubators at the moment.

Creating an Unparalleled NFT eCommerce Platform

From NFT artwork galleries to virtual NFT real estate, NFT sale and marketing activity is currently spread across a myriad of online platforms and social media marketing channels. This fragmentation makes it difficult for NFT shops to establish brand identity and loyalty.

Known as the “Shopify of NFTs,” NFTify is a decentralized marketplace powered by the Polkadot multi-chain where NFT markets can develop influential global brands. 

The platform leverages the interoperability of the blockchain and AI-driven intelligence of Web 3.0 to develop an NFT marketplace with next-generation e-commerce features. NFT marketplaces can use NFTify in-built services to:

• Easily issue NFTs and sell at low cost
• Create unique branding for issuing, selling, and trading NFTs
• Use customizable plug-ins to promote NFT products and brands
• Research copyright, duplicates, and similar tokens

As part of the Polkadot cross-chain ecosystem, NFTify plans to rapidly expand its e-commerce products and services offerings through partnerships with other interoperable chains.

“NFTify is leveraging the integration of blockchain technology and NFTs to introduce advanced e-commerce features and functionality. With our mission to create a Shopify for NFTs, NFTify aims to revolutionize the current NFT landscape to drive mainstream adoption. We are indebted to our strategic investors and partners for instilling immense confidence in bringing our dream to reality. We are confident about the road ahead as NFTs are the future,” 

comments Nikita Ngan Nguyen, CEO and Co-founder NFTify.

“As PolkaFoundry is the platform for DeFi and NFT dapps on PolkaDot, we have been looking for a good NFT platform from day one. NFTify is the missing piece of PolkaFoundry. Its unprecedented idea of Shopify of NFTs, strong team, ability to execute and long-term vision differentiate itself from other NFT projects. In the coming years, NFTify can be to the NFT world as what Shopify is for the non-blockchain e-commerce world. Ice tea Labs is very proud to incubate and support this fascinating project!” 

said Thi Truong, CEO, and Founder of PolkaFoundry and Ice tea Labs.

The NFTify Dual IDO

Following the successful private fundraising round, the public sale of the NFTify utility token N1 — used to gain access to the advanced e-commerce features on NFTify — will take place on [DATE] as a dual IDO on Ignition and Red Kite. 

The IDOs on both launchpads will take place at the same time with an allocation of $140k and $100k, respectively. The N1 token will be listed on Uniswap a few hours following the completion of the IDO.

About NFTify

NFTify is a multi-chain platform that enables anyone to create their own fully functional NFT marketplace in just a few minutes, without coding or upfront cost required. The platform is one of — if not the first — platform to lower the bar for everyone to join the NFT space, and it comes with various first-on-the-market features to set itself apart from others, including:

• Fully customizable: a rich set of versatile tools to design a store that speaks your brand, even custom domain
• Payment in custom tokens
• Built-in marketing tools: Google Analytics & Facebook Pixel integration
• Multi-store collaborators

Go ahead & open your NFT stores via: https://nftify.network/

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