Cointime

Cointime

Download App
iOS & Android

Vinci Protocol Completed 2.1M Seed Round Fundraising

With much excitement, we want to tell you Vinci Protocol has completed a 2.1M seed round fundraising led by UOB Venture Management, SigNum Capital, and TGE Capital.

This fundraising is to accelerate our mission of building a power suite of NFT data services and developer tools to empower native Web3 builders and applications.

We at Vinci Protocol believe NFTs are the new and most disruptive way of creative expression, allowing artists, brands, and companies to provide authenticity in the rising digital age. Of course, the future of NFTs is full of uncertainty, but the team behind Vinci Protocol is now pushing the boundary of what can be achieved from NFT, and we are having a blast being part of this journey.

We created Vinci Protocol with a clear WHY — to build an NFT infrastructure where users, developers, and companies can interact with the NFT space in their unique ways. With Vinci Protocol, we envision that Web3 builders and companies can leverage our tools and services, which encompass NFT finance, NFT Oracle, NFT Governance, and NFT Commerce, to bring mass adoption to NFT and Web3. However, to achieve this, we must rely on many trades that only exist at the intersection of art, blockchain, data, and financial engineering. This is why we turn to the market for help, as it is the ultimate judge and pusher.

Raising funds is a very common step for startups. However, it is extremely hard at this juncture, which, in contrast, shows what we can offer to the crypto market is even more valuable. This seed funding gives Vinci Protocol a significant financial boost, and having accredited investors and institutions behind us means more than just money.

In addition, we can address the essential topics by careful planning in our Advisory Board, and as a result, we are well positioned for the market. Our ability to interact with the vast NFT groups and maintain a strong network has come about due to frequent communication with our investors and advisers.

Looking back, our first announcement in February showed the world what we initially planned to achieve in this new NFT world, followed by an incredible response from the NFT community. Since then, we’ve seen tremendous organic growth in our multiple events, in which thousands of people have shared and claimed our community NFTs with their friends.

Besides the amazing community support we have received, technically, we had several significant milestones, the most important ones of which being:

The official mainnet was launched successfully.

We have completed the Certik audit report with no critical findings.

Developer documents were completed and ready for integration.

Launched blue-chip NFT lending pools on Ethereum mainnet.

Deployed NFT Oracle contract on Ethereum mainnet with the updated mechanism.

Deployed NFT floor price history graph.

Launched NFT Oracle landing page with a floor price list and price history charts.

The new funding presents us with incredible resources to continue building world-class services and products and accommodating the demand we are seeing in the NFT space.

We’ll continue investing heavily in our core product and build it to stand the test of market and time. For now, we are keeping our heads down and rolling up our sleeves to create the best possible product for our community.

About Vinci Protocol

Vinci Protocol is a power suite of NFT data services and developer tools for native Web3 builders and applications.

With Vinci, Web3 developers could get everything they need to integrate NFT solutions in minutes with ultra-low costs, including finance, oracle, governance, and commerce.

Web3 NFT
Comments

All Comments

Recommended for you

  • Zuckerberg Directs Meta to Develop Prediction Market Application

    On June 24, The New York Times reported that Zuckerberg has instructed Meta to develop a prediction market application. The internal name for the application is 'Arena', which is similar to Polymarket or Kalshi.

  • U.S. Senate Passes Resolution Aiming to Limit Trump's War Powers Against Iran

    On June 24, the U.S. Senate passed a resolution regarding war powers related to Iran, with 50 votes in favor and 48 against, following a similar approval by the House of Representatives. This marks the first time such a resolution has been approved by both chambers of Congress. The resolution calls for the president to end military actions against Iran without a declaration of war or authorization of force from Congress. However, since this resolution is a joint resolution of Congress, it is not legally binding and does not require the president's signature, thus serving mainly a symbolic purpose.

  • AI Smart Terminals Experience Full Explosion

    On June 23, according to CCTV Finance, at the fourth Chain Expo, the original "Digital Technology Chain" was upgraded to the "Smart Technology Chain." This change in wording reflects that artificial intelligence is becoming the main character in the industrial chain. A newly established AI zone at the event gathered leading AI companies from both domestic and international markets, showcasing the entire chain from data and computing power to applications. Various AI products were on display, including AI glasses, smart cars with digital chassis, and humanoid robots that can play soccer. CCTV Finance reporters observed that the integration of artificial intelligence into the physical world is transitioning from mobile phones and computers to various new smart terminals. This year, the application of AI agents has also experienced a full explosion. Qian Kun, Senior Vice President of Qualcomm, stated that the empowerment of AI agents is leading to a significant upgrade cycle for existing terminal devices. China's industrial chain is very complete, and through continuous collaboration with Chinese partners, their products can quickly reach the market and gain global acceptance. Liu Xiangwen, Vice President of Alibaba Cloud Intelligence Group, noted that AI has evolved from mere chatting to becoming a productive force. The development of all stacks, whether GPU cloud or CPU, is progressing rapidly, and there is still greater potential ahead.

  • U.S. Stock Indices Experience Short-Term Rally

    On June 23, the Dow Jones Industrial Average rose by 0.07%; the S&P 500 index narrowed its decline to 0.77%, having previously fallen over 1.5%; the Nasdaq Composite index also reduced its drop to 1.17%, after having been down more than 2.3% at one point.

  • Vitalik: Ethereum Foundation Budget Cut by 40%, Shifting to Long-term Fund Model

    On June 23, Vitalik Buterin revealed that the Ethereum Foundation (EF) will reduce its budget by approximately 40% this year. According to its previously announced financial management plan, EF is transitioning from a model where it spends about 15% of its remaining funds annually to a model where it will spend about 5% annually after 2030, moving towards a long-term donation-oriented organization. To this end, EF will adjust its multi-client model, relying more on AI-assisted formal verification. The PSE privacy and scalability exploration team will shift from 'exploration' to a focus on building around zero-knowledge proofs. The scale and losses of Devcon events will be reduced, and large projects beyond Ethereum itself will also decrease. EF's institutional work will focus on smaller-scale, replicable CROPS-friendly deployment cases.

  • Huo Qigang: In the AI Era, Our Own Judgment is Key

    On June 23, according to CCTV Finance, Huo Qigang stated that over the past year, the topic of AI has been overwhelming, shifting from 'not using AI' to 'having to use AI,' making him acutely aware that 'not participating will lead to elimination.' As a father, Huo Qigang candidly expressed the dilemma of whether parents should 'control' or 'assist' when their children use AI. He mentioned that he has already begun to assist with AI in his work, but emphasized that using AI does not mean bypassing the thinking process; one must rely on their own experience, thought, and logical judgment, and cannot simply replicate AI outputs.

  • NVIDIA's Market Value Falls Below $500 Billion

    On June 23, NVIDIA (NVDA.O) saw its market value drop below $500 billion, with a latest decline of 2.6%.

  • U.S. Manufacturing Activity Surges Beyond Expectations, But Factory Employment Falls to Six-Year Low

    Driven by companies placing orders in advance to prevent shortages and price increases, U.S. manufacturing activity expanded again in June. However, factory employment fell to a six-year low, primarily due to rising operational costs influenced by conflicts in the Middle East. The preliminary S&P Global Manufacturing PMI for June rose to 55.7 from 55.1 in May, marking the highest level since May 2022, while economists surveyed by Reuters had previously expected the index to drop to 54.8. The increase in the manufacturing PMI, combined with a rise in the services PMI from 50.7 in May to 51.3, contributed to a composite PMI output index increase from 51.5 last month to 52.2. The rebound in the services PMI is partially attributed to the World Cup events jointly hosted by the U.S., Canada, and Mexico.

  • Microsoft Completes Data Center Construction in Wisconsin

    Microsoft (MSFT.O) announced the completion of its first data center construction in Mount Pleasant, Wisconsin, USA.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company