Press Release
DeFi & NFT Monetization Protocol Unicred Announces Successful Seed Raise led by Launchpool Labs
Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›
LONDON — December 23, 2021 — Unicred, a DeFi NFT monetisation protocol and a money market protocol powered by data science, announces successful closure and oversubscription of their seed fundraising round, led by Launchpool Labs and Alphabit Fund.
Unicred is a DeFi NFT monetisation protocol and a money market protocol powered by data science, founded by a senior team with backgrounds at Goldman Sachs and Deloitte.
Founder and CEO, Rakesh Lavi, commented on this announcement, saying:
“With the successful pre-seed and seed raises led by Launchpool Labs, Unicred is now strongly positioned and prepared to engage in a private and public round, early Q1 2022. Our roadmap for 2022 and 2023 looks at deploying and consolidating our products on BSC, Solana, Avalanche, Polygon, Algorand, Ethereum, Fetch.ai and others.”
As a DeFi instrument, it enables user-centric borrowing & lending against crypto to earn higher yields, by making the interest rate and LTV calculation dynamic. Top NFTs are used in collateralised borrowing against it, with NFTs remaining in the custody of the user.
The platform supports protocols such as BSC, Solana, Fetch.ai with plans to add Avalanche, Polygon, Algorand, Ethereum to the list.
The project has seen great demand from investors so far, with their pre-seed round being oversubscribed on Launchpool Labs, with US $5.5million worth of interest from LPOOL investors. Unicred’s seed round also attracted venture capital interest, with investments from Alphabit Fund, ExNetwork Capital, Blockpact, Sky Ventures, and BitBNS.
A high-profile partnership has been secured with leading egalitarian investment provider Launchpool, that will lead the project’s private round raise. A public launch is scheduled for Q1 2022.
Contact:
- PR Team
- [email protected]
About Launchpool Labs
Launchpool Labs is the chain agnostic community-centric incubator, powered by Launchpool, that offers incubation via a bespoke model, co-building MVP and MVC (minimum viable community), as well as leading pre-seed / seed rounds.
Contact:
- PR Team
- [email protected]
Share
Mention in this PR
Launchpool Labs
Launchpool Labs is the chain agnostic community-centric incubator, powered by Launchpool.