Web3 startup nealthy raises $1.3m in pre-seed to simplify NFT and crypto investing

Web3 startup nealthy raises $1.3m in pre-seed to simplify NFT and crypto investing

Published: 08-03-2023 09:59:00 | By: Pie Kamau | hits: 3112 | Tags:

nealthy, a Web3 startup for investing in NFTs and cryptocurrency, announced it raised $1.3 million in pre-seed funding round backed by experienced Web3 investors, including renowned crypto celebrity ‘DonGeraldo.’ Nealthy will utilize the funds to grow its core team, hire talent and boost sales and development.

Interest in Web3 markets has skyrocketed, with NFT marketplaces registering over 100 million unique visitors monthly. At the same time, potential investors are still facing significant barriers to market entry. Regulators struggle to keep pace with fast-paced trading environments, and NFT prices are also on the rise while serious investment requires $20,000 or more.

To surmount these challenges, nealthy offers index tokens that enable investors to enter Web3 markets quickly and worry-free. Index tokens replicate the structure of classic exchange-traded funds (ETFs) by storing multiple digital assets onchain, diversifying the portfolio in case of unexpected market shifts. Moreover, index tokens like nealthy’s $NFTS retain real underlying value, with $NFTS being pegged near 1:1 with vaulted blue-chip NFTs.

Co-founders Ludwig Schrödl (CEO), Zied Said, known as Zedsi (CTO), and Tim Pascual (CMO) launched nealthy after observing a gap in the market for diversified index tokens. With backgrounds in finance, data science and a deep knowledge of virtual assets, their expertise can keep investors at the forefront of a rapidly expanding market.

Ludwig Schroedl, CEO, nealthy: “As NFT trading markets evolve, potential investors are showing increased interest in diversification. That’s even more true for first-time investors. A blue-chip index token, like $NFTS, can provide superior investment opportunities at a reduced level of risk. And if we can do it with NFTs, we can do it with every asset on the blockchain.”

As nealthy is incorporated in Dubai, its investors can benefit from a world-leading, tax-friendly regulatory environment. The UAE recently established the world’s first independent virtual assets regulatory authority, known as VARA. The team also plans to incorporate in the Metaverse Zone of Anguilla to emit tokens in a regulated environment.

Startup nealthy handles transactions via blockchain, the decentralized ledger technology behind most cryptocurrencies. The Ethereum Net blockchain enables nealthy to openly display proof of reserve, confirming the presence of blue-chip NFTs in nealthy’s digital vault.

Zedsi Said, CTO, nealthy: “This is a space with enormous potential, and with any potential comes risk. To counteract those risks, we maintain security by storing all assets in cold wallets and smart contracts. Each cold wallet is public and maintains completely transparent holdings.”

www.nealthy.com