The Ledger
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Freeverse targets €10M funding round at a €40M valuation
“So if we're targeting ten million euros at a and want to dilute by 20%, then the valuation would be around about forty million, but we're still, are still in debate with the VCs.”
Evans: NFT Market Heading for $20 Billion Market Cap in 2021
“It's heading for like twenty billion in, in market cap in this year, I think from a few hundred million last year.”
Freeverse to Launch in Production with First Client in Ibiza Next Month
“We're launching our platform to production next month with our first client, which is a small marketplace in Ibiza, the Mediterranean island of Ibiza.”
Evans: Freeverse raised $500k in 2019 and just under $1M in 2021
“We raised half a million from angel investors. Then we raised just under a million earlier on this year.”
Freeverse targets 20% equity dilution across its funding rounds
“Yeah, around about 20%. So we tried to structure every single of the rounds following the standards, you know, diluting 20%.”
Freeverse signs two initial clients including a major US university
“We've got two clients signed up right now. One of which is this client in Ibiza, which is one of the major universities are interested in living assets for educate, for tracking educational progress and how, and your professional training. So one of the larger…”
Freeverse charges monthly SaaS volume fees plus marketplace transaction commissions
“We charge a monthly fee based on the number of NFTs that are launched, that are launched within that, the universe for the clients and also commission on the trades, reach sale of those NFTs on our platform.”