18 Ventures invests in Showcase
For those seeking the modern-day platform that allows artists to express their talent and passion in a new innovative digital form, look no further. Showcase is one of the pioneering players in the Non Fungible Token space with their take on a combination of micro-influencers and ways for them to advertise their — in some cases — incredibly valuable works to thousands of followers and fellow enthusiasts in the space. For those reading who are unsure of what an NFT is, in a nutshell they are smart contracts pointing to a series of metadata providing information about supply, authenticity, & provenance. You could compare them to a digital certificate of authenticity that cannot be destroyed easily or at all.
Since the launch of the SHO token, Showcase has expanded its development team significantly to work on completing the Showcase application. Their complete development team now consists of a front end mobile developer, backend developer, blockchain developer, devops developer, product manager, and QA tester.
Such innovation in the space has attracted attention from some major players, partners and supporters including the likes of: 0Chain, OpenSea, Genesis Block Ventures, Moonrock Capital and ourselves at 18 Ventures, we are excited for Showcase’s future.
“We are focused on investing in teams that continuously build, no matter the market conditions, Showcase is one of those teams where the market hasn’t quite grasped what they’re working on, they’re building in the backend and we are confident towards the end of 2021 once their out of their development phase”
– Nathan Pearson-Smith, Founder of 18 Ventures.
You are probably thinking, what makes Showcase different from any other NFT platform? The answer is quite simple. Thanks to the harnessing of Polygon’s scalability solution Showcase provides access to a much more diverse audience by reducing transaction fees whilst increasing the all-important scalability of the project itself. Further to this, Showcase stores all text formatted metadata on-chain. With the implementation of this basic mechanism, in the event Showcase goes down, users will still be able to prove that their NFT is associated with a certain work of art or image.
In a rapidly expanding industry, it can be difficult to identify top potential, but Showcase has found an incredibly attractive niche and is tipped by some to become the Etsy of Blockchain — but with a much larger social presence and therefore profitability potential. The interest in the platform is growing daily and for a relatively early-stage organisation they have done exceptionally well to have gained followers in the tens of thousands.
So for those aspiring Non Fungible Token artists out there looking to start somewhere, or even move to a more profitable and user friendly platform, look no further than Showcase.
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