Seed Funding Procured by NFTically, an NFT Marketplace & B2B SaaS for NFTs

• Avinandan Banerjee
• September 27, 2022

A first-of-its-kind global NFT Marketplace that is enabled to mint, buy or sell NFTs or Non Fungible Tokens and B2B SaaS launched a premium NFT Store or Marketplace today, named NFTically. The initiative has been supported through a seed funding from Jaynti Kanani, who is the CEO of Polygon Matic, and others. 

Being the first-of its-kind, NFTically brings something entirely unique to the market. This platform basically enables artists and content creators to launch their own NFT store under its domain name and within the next three months, they plan to bring onboard more than thousand multidisciplinary artists and content creators from diverse backgrounds to showcase their talent. An IIT Bombay alumnus and a Blockchain wizard from India, Mr. Toshendra Sharma has created NFTically, envisioning it as the ‘Shopify for NFTs’. The idea is to empower and educate users with the optimum use and practice surrounding NFTs and Blockchain. The company also aims to invest in the interest of educating people about NFTs and spreading awareness regarding this groundbreaking technology. 

In a world that is increasingly turning digital, Non Fungible Tokens or NFTs have the ability to eradicate copyright infringement issues like piracy, theft and other scams in major industries like music, art and content creation which are highly vulnerable. NFTs are on their way to become the future of the global collectible market which is currently valued at around $370 billion. NFTs are unique digital tokens crafted on Blockchain systems that help represent the true ownership of a digital or physical asset, serve as a proof of its existence and even allow traceability of the asset. Artworks, music, collectibles, photos, videos, in-game items, blog posts and even real estate can be recorded and tracked as NFTs.

NFTically will not only provide features like custom UI, KYC and social influencer tokens, but will also have provisions for free minting of artworks on its platform. They are charging the lowest fee in the industry of only 1.5% on sales that place on the artist’s own store, and a 2.5% fee on sales happening on the NFTically marketplace. They are also aiming to provide financial assistance to prospective buyers in the near future. 

The founder and CEO of NFTically, Toshendra Sharma stated:

“Our mission is to revolutionize the NFT space by making it accessible to everyone – celebrities, influencers, artists, and enterprises. With a clear focus on NFT awareness and the platform’s user experience (UX), we aim to connect people with their favorite collectibles, artists, and objects. NFT market-related transactions are soaring to new heights every day and given our relationship with art, culture, and emotion, India can be the epicenter of the NFT uprising. Through NFTically, anyone can launch any number of NFT marketplaces and get the right value of their creation.

We are truly grateful to Jaynti & others for trusting in our vision to strengthen the foundation of the NFT ecosystem globally. Funds will be utilized for strengthening the product & growing customer base in coming months.”

Jaynti Kanani, the CEO of Polygon Matic and the angel investor for NFTially said:

“The NFT market maturity is one of the most exciting developments that we have witnessed in the Blockchain domain in recent times. This technology shift is much to be banked upon by both investors and artists as it will remain a high growth area. NFTically has the right vigor to fuel its vision and mission in becoming a new-age global marketplace of the future for customers and artists alike.”

NFTically at present supports minting and trading in Polygon, Ethereum and Binance Smart Chain. They are also allowing Visa and Mastercard payments for wallet top-ups and mostly to increase user accessibility and ensure a rich, smooth user experience.