UAE-based startup nealthy has successfully raised $1.3 million in pre-seed funding for its Web3 platform, which focuses on investing in NFTs (Non-Fungible Tokens) and cryptocurrencies. The funding round was led by experienced Web3 investors, including prominent figure ‘DonGeraldo’. The company plans to utilize the funds to expand its core team, recruit top talent and further enhance its sales and development efforts.
The growing interest in Web3 markets, particularly in NFTs, has resulted in a surge of activity, with platforms like OpenSea attracting over 100 million unique visitors monthly. However, potential investors often face obstacles when entering these markets. Regulators are grappling to keep up with the fast-paced nature of trading and NFT prices have been steadily increasing, with significant investments often requiring a minimum of $20,000.
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To address these challenges, nealthy offers index tokens, which provide a convenient and worry-free entry point into Web3 markets. These tokens replicate the structure of traditional exchange-traded funds (ETFs) by holding a diverse portfolio of virtual assets. By diversifying the portfolio, investors can mitigate potential risks arising from unexpected market fluctuations. Furthermore, nealthy’s index token, $NFTS, is backed by real underlying value, as it is pegged 1:1 to blue-chip NFTs.