Colecti, a next-generation Web3 platform, has secured a substantial equity investment of 470k Euros to become the first NFT marketplace on the Lisk blockchain. This investment was received from the Lisk network last year as part of the company’s pre-seed strategy, ahead of the token sale that commenced on April 24, 2023.
With the funds raised from the pre-seed round, Colecti has allocated a significant amount of it to build its NFT marketplace. Through this initiative, Colecti aims to create a user-friendly platform on Lisk, where users of all levels of experience can easily and safely engage with NFT collectibles.
To expand its platform and further develop its offering, Colecti has also launched its initial token sale, set to run from April 24 to May 7. In total, the company will distribute 100 million of its native $COL tokens at 0.025 $LSK apiece. The funds raised from the token sale and pre-seed round will be utilized to grow the Colecti team by bringing in expertise in key areas and to enhance its platform features and other functionalities to accelerate growth.
Lisk, launched in 2016, is a blockchain network that aims to onboard 100 million users to Web3. Its software development kit allows developers to build application-specific blockchains using JavaScript. Colecti is using this SDK to build up its NFT marketplace.
The project positions itself as a community-driven NFT marketplace with a goal to make it easy for users to access and interact with NFTs. The platform aims to deliver a user-friendly experience with low fees to suit creators and collectors of all experience levels.
Lukas Bronsvoort, CEO at Colecti, views the investment from Lisk as a significant milestone, as it will help bring its idea to life. He said, “Lisk is a recognized name in the blockchain industry, and this investment is a significant milestone for Colecti. Their investment is vital in supporting us in working towards creating a thriving NFT ecosystem on Lisk, bringing us closer to our vision of making NFTs accessible to everyone.”
In addition to its core platform, Colecti also aims to give its members a voice in the decision-making process by implementing a DAO. This democratic approach ensures that members have a say in determining the marketplace’s operation. Furthermore, it provides various benefits to members. Validators, for example, are entitled to a share of the profits, with 50% of the commissions paid to them in $LSK.
Colecti is a community-driven NFT marketplace with a mission to provide a platform that empowers creators and entrepreneurs. The goal is to inspire members of its community to bring their NFT ideas to market and connect with other users who are eager to discover new and exciting products. The project has its offices in Utrecht, the Netherlands.
To stay informed about Colecti’s developments, follow them on Twitter. For more information and engaging content about the NFT industry, connect with NFT Plazas on Discord, Twitter, Facebook, and Instagram.
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product before making any investment.
