What’s in your NFT? Charged Particles Raises $1M in 10x over-subscribed Seed Round
Charged Particles Closes 10x Over-subscribed Seed Round
We are excited to announce that Charged Particles has successfully closed our $1M seed round at a valuation of $20M. Our team was humbled and grateful for the amazing support, which led to a nearly 10x over-subscribed fundraise.
We are very excited to share the amazing roster of strategic investors supporting Charged Particles on our journey to becoming a fully decentralized essential NFT protocol. This seed round included many of the same investors from our pre-seed round, which was announced in February.
The investors in this round include DAOMaker, HashKey, Au21, Jordan & Kain from Synthetix, GMoney as well as additional investments from many of the investors from our pre-seed round: The LAO, ParaFi, CoinGecko, LongHash, MoonWhale, D64, Fourth Revolution Capital and Nalu Fund. Angels from our Pre-seed including: Leighton Cusak (PoolTogether), Stani Kulechov (Aave), Liz Rabban (Ex-Celsius Network founding team), Matt (Nifty Gateway) and Tyler Ward (BarnBridge).
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“Charged Particles facilitates the convergence of the most exciting primitives in crypto today: NFTs+DeFi (and so much more). By enabling more flexible creation of and interaction with custom ERC-bundled NFTs, Charged Particles is redefining uniqueness and ushering in a new era of innovation; from dynamic multi-party royalty streams to automated charitable contributions to novel prestige-accruing metaverse items. Charged Particles will be to NFTs what Ethereum was to Bitcoin.” — EJ Rogers, Co-Founder & GP, 4RC
“NFTs today focus on art, but the possibilities are tremendous. Charged Particles transforms NFTs into wrappers / containers, adding charges to them could go in many directions.” — Chris Furlong, LAO Member
“Charged Particles is bringing more utility to NFTs by combining elements like yield-bearing assets with NFTs. This programmed functionality of NFTs unlocks novel use cases and markets.” — Santiago R Santos, Partner @ ParaFi Capital
“We believe that Charged Particles will be an integral part of the NFT ecosystem, especially in the intersection of finance and creativity. It will unlock new possibilities for creators, artists, and developers to use NFT in ways we have not yet seen before.” — TM Lee, Co-founder and CEO at CoinGecko
This seed round of financing helps speed up the growth of the Charged Particles ecosystem, and adds a variety of essential strategic expertise to help build this new NFT infrastructure building block. From now on, people should be asking, “What’s in your NFT?”
Charged Particles: What’s Next & Get Involved
The Charged Particles community continues to grow, and our investors bring a lot to the table on our path to a fully decentralized NFT protocol.
We are incredibly grateful for everyones’ continued support and look forward to changing the world of NFTs with you all.
We’ve been moving quickly and will continue to innovate in the growing NFT space. There’s a lot of exciting announcements coming up, including announcements around the long-awaited:
- Token Generation Event
- Layer 2 Implementation
- Staking & Liquidity Mining Programs
Stay tuned, we’re just getting started. What’s in your NFT?
About Charged Particles
Charged Particles was started in late 2019 to combine NFTs and DeFi in a novel new way.
Charged Particles allows users to Do more with their Non-Fungible Tokens (NFTs) offering near-infinite flexibility and creativity within this growing space.
With Charged Particles, any NFT can be transformed into a basket containing other ERC-20 tokens, even other NFTs. The Principal amount can be time-locked inside the NFT, and through an integration with Aave’s aTokens, programmable yield from these DeFi yield-generating assets is just a few clicks away.
The Charged Particles Protocol & DApp went live on MainNet on 17-Feb.
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