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New York, NY, December 1, 2022, Chainwire
UnUniFi We are very proud to announce the completion of a $1,500,000 strategic funding round led by gumi Cryptos Capital with participation from Coincheck, Hyperithm, MZ Web3fund, Arriba Studio and gC Incubation.
“The real utility of UnUniFi is the NFTFi feature with its own rating algorithm combined with the inter-chain yield aggregator.
– Founder Yu Kimura
UnUniFi is a layer 1 blockchain protocol for providing efficient NFT lending through the Cosmos ecosystem’s internal NFT marketplace. The UnUniFi protocol will begin development in Q4 2021 and launch its mainnet in May 2022. This strategic funding marks the conclusion of a seed funding round, backed by venture capital funds and investors from around the world. UnUniFi will use the funds from this seed round for continued development and scalability. Roadmapwill immediately focus on delivering product release and product market fit (PMF). We are very grateful for the tremendous support we received early in development and look forward to realizing our mission. Giving DeFi Opportunities to Every NFT.
What makes UnUniFi special?
UnUniFi will be the first NFTFi platform to create its own NFT valuation algorithm calculated using real demand data, allowing its users to generate automatic DeFi yields on borrowed assets.
While other NFTFi platforms employ peer-to-peer or liquidity pool lending models, UnUniFi combines the actual demand for the NFTs themselves with the intrinsic demand for liquidity generation to give NFT holders an incentive to lend. It provides faster and more flexible access.
This technology is scalable for institutional users and can be externally implemented by other platforms as NFT evaluation oracles.
Moreover, UnUniFi’s API, client library, Bubble plugin and frontend incentive module all combine to enable the project to become the first successful ecosystem with a true “decentralized frontend”.
learn more: How does UnUniFi work?
“As NFTs have become an important asset class, many projects have attempted to build financial ecosystems around NFTs. However, due to the characteristics of NFTs, liquidity is low and it is difficult to raise funds. In a tough market, this becomes the bottleneck. UnUniFi consists of a marketplace infrastructure with built-in price discovery capabilities. This ensures liquidity from the start. UnUniFi believes it can create opportunities in the huge market of NFTFi.said Rui Zhang, managing partner of gumi Cryptos Capital.
Completing the seed funding round marks a major milestone for our team, but UnUniFi’s immediate focus is on Q4 product release and PMF delivery. These purposes include: Interchain Yield Aggregator for automatic DeFi yield; enabling Cosmos IBC (Inter-Blockchain Communication), etc.
These core features help provide the foundation for a truly decentralized NFTFi platform. Our goal is to continue to quickly raise public awareness of the status and availability of upcoming releases through incremental updates and announcements.
To expand the UnUniFi ecosystem, the team is actively seeking and negotiating NFT projects (NFT is not limited to art or pfp. There are many potential applications in areas such as real estate and securities.), dApps and other potential partners to identify strategic partnerships. UnUniFi will continue to accept inquiries from external collaborators and seek consideration where applicable. We also welcome inquiries from other projects and joining his UnUniFi ecosystem.
In the meantime, we will continue to work on our deliverables and advance our mission to encourage the widespread adoption of NFTs as a legitimate asset class through practical and usable DeFi technologies.
UnUniFi is a layer 1 blockchain protocol for providing efficient NFT lending services through an internal NFT marketplace with Auto DeFi Yield, all built on the Cosmos ecosystem. UnUniFi will be the first His NFTFi platform to create its own His NFT valuation algorithm, calculated using real-world demand data, allowing users to generate automatic DeFi yields for borrowed assets through inter-chain yield aggregators. . UnUniFi aims to be a dApps platform with NFT pricing information at its core. The internal NFT marketplace provides valuable data for NFT price discovery capabilities and is extensible for use by external platforms and Cosmos IBC integrations.
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Christopher Lee, UnUniFi, [emailprotected]
