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Non-fungible Token (NFT) derivative startup Bliv.Club on Monday announced that it has raised undisclosed Pre-seed funding by Sandeep Nailwal, Co-founder of Blockchain Scalability Platform Polygon.
Bliv.Club was founded in 2021 by Serial entrepreneurs Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin.
NFTs are unique virtual tokens on Blockchain infrastructure that represents ownership, proof-of-existence, and allow traceability of any digital or non-digital item. The market size of NFTs reached $22 billion in 2021.
“The startup will offer a derivatives market, allowing the average person to participate in the NFT market with a small ticket size,” the statement said.
“Our core objective at Bliv is to increase participation of masses in NFT Ecosystem via seamless, high tech, easy to use new-age instruments and we could not have had a more relevant person than Sandeep as our first investor, who is one of the most respected persons globally in the Web 3 ecosystem. We will benefit highly from his insights, experience, and network” Vikas Singh, Co-Founder Bliv.Club added.
Speaking on the investment in Bliv, Sandeep Nailwal, Co-founder, Polygon said, “Bliv is extending the ambit of the NFT ecosystem. It is allowing a common person to get the exposure of a complex market in a much more easy and meaningful way.”