Web 3.0 firm nealthy, which helps people invest in cryptocurrencies and NFTs, has announced (1) the successful completion of a $1.3 million pre-seed funding round. ‘DonGeraldo,’ a crypto celebrity, and several other Web3 investors participated in the investment round.
Web3 is an Ethereum-based firm that provides investors with risk profiles for their NFT and cryptocurrency holdings. nealthy intends to put the money toward recruiting more people to help with the platform’s design so that they can provide more services to their clientele. Nealthy plans to invest in marketing efforts and build its platform with these funds.
All users can feel safe when wealth is kept on the distributed ledger. CTO Zied Said (Zedsi) claims that nealthy is aware of the potential downsides of their service, and Zedsi guarantees the security of user funds under any circumstance. That’s the word from the Chief Technology Officer:
This area is ripe with opportunity, yet with opportunity comes danger. All assets are safely kept in cold wallets and protected by smart contracts to protect against these threats. Each cold storage wallet is open and publishes all of its assets.
Wealthy Capital to Mitigate Web3 Investing Dangers and Safeguard Client Assets
As compared to other similar platforms, nealthy stands out because it addresses some widespread issues in the Web3 industry.
The number of people interested in Web3 is growing rapidly, yet there are still substantial hurdles to entry for investors in the majority of Web3 industries. In particular, the high cost of various NFTs makes it challenging for the average consumer to invest in Web3.
Likewise, authorities are struggling to keep up with the dynamic nature of the Web3 ecosystem, making it difficult for them to develop legal frameworks that provide adequate user protection.
Those who have been hesitant to invest in the Web3 space due to these obstacles can do so without much difficulty now, thanks to nealthy.
With the proceeds from their most recent fundraising round, nealthy plans to reduce users’ difficulty of entry by providing index tokens that mimic the performance of ETFs. The use of index tokens provides investors with a hedge against the effects of volatile markets. The $NFTS is a wealthy index token that is backed 1:1 by a basket of blue-chip NFTs.
To further on the topic of diversity and the advantages of index tokens, nealthy CEO Ludwig Schroedl said:
Potential investors demonstrate a greater interest in diversification as NFT trading markets develop. This is especially true for those making their first investment. One can find better investing opportunities with less risk by using a blue-chip index token like $NFTS. And if we can do so with NFTs, we can do so with any blockchain asset.”
There are a variety of DEXs where users can purchase tokens. Nealthy claims that in the not-too-distant future, centralized exchanges (CEXs) will also allow for the purchase of nealthy.
Nealthy also takes precautions to protect its users’ money by keeping it in offline wallets and encrypted smart contracts. Proof of Reserve allows anyone to verify the balance of any wallet.
Users can profit through staking in addition to just investing in tokens and gaining as values climb; nealthy distributes gains as annual percent yield (%APY) via $NEAL tokens. Users can receive free tokens through lucrative airdrops in addition to the staking rewards.