Unloc Raises $1.25M to Develop Financial Solutions Around NFTs
Unloc is a platform where crypto enthusiasts can soon be able to borrow against your NFTs on Solana, has raised $1.25M to Develop Financial Solutions Around NFTs.
These proceeds will serve as a foundation for the development and growth of their financial solutions around SolanaNFTs starting with the peer-to-peer NFT collateralized loans platform.
They are happy to announce the closing of their fundraising, having raised $1.25M at a $15M valuation. The seed round was led by Stratos Technologies, along with investments from:
- Solana Ventures
- Autonomy.Capital
- Khosla Ventures
- 3Commas Capital
- BuidlHodl Capital
- NXGen Capital
They were proud to have been recognized and backed by such well-established investors with the ability to provide technical and operational value to help them in their journey. They want to thank their investors for joining them on their path of creating new financial solutions and utilities for Solana NFTs.
Maciej Tabert, CEO and Founder of Unloc
We’d like to thank all the investors for their support and faith in our team and vision. We are looking forward to working together in the upcoming months. It’s very important for us to be partnered with investors that share the same values and work ethic as we do. This was our main goal, to attract the strongest and best-fitted contributors in the space to support us in this exciting journey. WAGMI!
Stratos Technologies –Rennick Palley, Founding Partner
We’re very excited about our investment in Unloc — we see NFTs as a whole as having the potential to be as big, if not bigger, than fungible tokens over the long term. Bigger or not, one thing is true — NFTs will require some of the same financial primitives as fungible tokens, including a collateralized lending and borrowing market. As seed investors in Compound and founding team member of Goldfinch, we’re familiar with the approach that’s necessary to create otherwise novel functionality, and we think that Unloc has the right approach and right team to pull it off.
Autonomy.Capital – Ameer Ali, Partner
At Autonomy.Capital we are excited to be backing Unloc. I first met Maciej in Lisbon, at the Solana Breakpoint event, and after our initial conversations I knew he was building something special. He and his team are very passionate about web3 and the Solana ecosystem. Unloc gives NFT owners the chance to monetise and have benefit of real liquidity from owning NFTs without relinquishing their ownership. Innovative methods like these for gaining liquidity and earning from NFTs will no doubt become more popular as ownership of NFTs extends into the billions along with the market cap for the entire crypto sector.
BuidlHodl Capital – Justin Lee, Founding Partner
We believe in the evolution of NFTs from a SOV (store of value) to a product asset, with that naturally comes the integration of DeFi into NFT protocols. As it stands, the total floor value of the top 100 NFT projects on solana is over $550m and we believe Unloc is the first step in unlocking this value. We hold high conviction in the performance of the NFT market in the long run and Unloc is a key player in that future. As hodlers of projects like Shadowy Super Coder, Solana Monkey Business and Degen Ape Academy, we are looking forward to participating as liquidity providers on both sides of the market.
Unloc’s short and long term vision
Unloc is all about unleashing the full potential of NFTs. They want to become a one-stop-shop where users can get more out of their NFTs while simultaneously retaining ownership over them.
In the first version of their product, they will achieve this by enabling NFT owners to get liquidity from their NFTs without having to sell them. This will be possible via their (soon to be released!) peer-to-peer borrowing and lending platform.
Unloc fundraise marks a start to the further development of their product portfolio and the growth of their team. They plan on hiring new people to help them get their products out as soon as possible, but also to continuously explore new features and ways to add additional value to your NFTs.
Escrow-less lending, instant access to liquidity, renting, and licensing are just some of the things they will be looking into to provide even more utilities for your valuable NFT collections.
⏩ SOURCE
