NFT certification agreement Wakwelli completed $1.1 million seed round financing, and Summit and others participated in the investment

On February 28, the NFT certification agreement Wakwelli announced the completion of US $1.1 million seed round financing, with the participation of blockchain investment companies Summit, Funfair Ventures and a number of angel investors.

Interpretation of this information:

Wakwelli, a Non-Fungible Token (NFT) certification company, has recently announced the completion of US $1.1 million seed round financing. The funding was provided by Summit, Funfair Ventures and a group of angel investors. This announcement is significant because it validates the growing importance of NFT’s and their impact on the future of digital assets.

Non-fungible tokens are digital assets that represent ownership of a unique item or asset. They are a new form of digital property that can be traded or sold, just like physical assets. NFTs have been gaining a lot of traction recently, with transactions reaching over $1.5 billion in the first quarter of 2021 alone. This growth is due to the increasing demand for digital assets and the need for a more secure way to trade them.

Wakwelli’s certification platform offers a solution to some of the challenges facing the nascent NFT industry. One of the key challenges is the issue of authentication and certification. With so many NFTs in circulation, it can be difficult to verify their authenticity. Wakwelli’s certification platform provides a way to verify the authenticity of each NFT and ensure that it is unique and not a copy.

Another challenge facing the NFT industry is the issue of copyrights and intellectual property rights. NFTs are often created by artists and other content creators, and these creators have a legitimate interest in protecting their work. Wakwelli’s certification platform provides a way for creators to authenticate their work and prove ownership, which can help protect their intellectual property rights.

This recent funding round shows that there is a growing interest in the NFT industry and the potential for NFT’s to transform the way we think about digital assets. With the rise of blockchain technology and the increasing use of digital assets, NFTs are likely to become an increasingly important part of our digital lives. Wakwelli’s certification platform is well positioned to help grow this industry and solve some of the challenges that come with the rapid growth of NFTs.