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ENVOY Network Raises $2.5 Million in a Funding Round

ENVOY Network Raises $2.5 Million in a Funding Round
  • ENVOY Network has raised $2.5 million in a financing round.
  • With the fund raised, the team will disrupt the NFT industry.

The premium NFT label and platform ENVOY Network has raised $2.5 million in a financing round. The funding round was led by AU21, 3comma, Prometheus Labs, Spark Digital Capital, Solidity Ventures, and many other institutions and angel investors.

The round also saw the attendance of a powerful board of advisors, including Austin Kramer, Miranda Huybers, Paul Doherty, Marlon Flohr, and Perry van de Mosselaar.

With the fund raised, the team will accelerate its product development and disrupt the Non Fungible Token industry. The team will do this through the ENVOY VAULT tool designed to help accelerate the development of community activity and buzz. Also, ENVOY will increase its team by hiring across many functions.

While many investors invested in the project, ENVOY said this gesture shows the high interest among Venture Capital (VC) firms while jumping on the NFTs bandwagon as they think it is an investable technology.

ENVOY CEO Bram Verstraeten expressed his excitement and happiness. He said,

We are so happy with all of the great investors and advisors who came onboard to support ENVOY so quickly. It’s a real honor to have them as a part of our global team. Creating meaningful premium quality projects is within our team’s DNA. We have a solid background in various industries and are ready to bring this to ENVOY.

In addition, Verstraeten added that together with their partners, they will open up the NFT space to the mainstream as they aim to create meaningful projects that tap into their community and fanbase.

Verstraeten said,

Every individual will get the chance to own an NFT either through true purchasing or by engaging with the platform.

This is because ENVOY lets members trade and collect unique community NFTs and gain rewards.

Aside from this, users could participate in the community loaded with unique features, including discounts on transactions, staking and farming, governance voting, airdrops, and many more using $ENVOY, the native utility token of ENVOY Network.

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Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.