Next generation Web3 platform, Colecti, has secured a 470k Euro equity investment to become the first NFT marketplace on the Lisk blockchain. The company received the funds from the Lisk network last year as part of its pre-seed strategy, ahead of the token sale that commenced on April 24, 2023.
Following the round of investment, Colecti has allocated the funds to build its highly efficient, low fee, NFT marketplace. Through the initiative, Colecti aims to create a user friendly hub on Lisk, where users of all levels of experience and simply and safely engage with NFT collectibles.
To back up its offering and to further develop its platform, Colecti has now launched its initial token sale, running from April 24 to May 7. In total, the company will distribute 100 million of its native $COL tokens at a price of 0.025 $LSK apiece. According to a press release, the funds raised from the token sale and the 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 in order to accelerate growth.
Meet @ColectiHQ, an easy to use, community-driven #NFT marketplace.
Colecti runs on a #Lisk side-chain, with validators from the Lisk community.
But what’s the unique story behind the project? 💎 Check out the interview with co-founders:https://t.co/LTRvTBwshJ
— Lisk (@LiskHQ) April 21, 2023
The First NFT Marketplace on the Powerful Lisk Blockchain
Launched in 2016, Lisk is a blockchain network that is working towards onboarding 100 million users to Web3. Its software development kit allows developers to build application-specific blockchains using JavaScript. It’s this SDK that Colecti is tapping on to build up its NFT marketplace.
The project describes itself as a “community-driven NFT marketplace” with a goal is to make it easy for users to access and interact with non-fungible tokens. As such, the project aims to deliver a user-friendly platform that charges low fees and suits creators and collectors of all experience levels.
Lukas Bronsvoort, CEO at Colecti, is excited by what they have cooking. He is particularly grateful for the funding from Lisk, as it will help the platform bring its idea to life. In a statement, he notes that “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 involve its members in the decision-making process by implementing a DAO. This innovative approach ensures that members have a voice in determining how the marketplace operates. But that’s not all, Colecti also provides its members with various benefits. Validators, for example, are entitled to a share of the profits, with 50% of the commissions paid to them in $LSK.
About Colecti
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.
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Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the globe.
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