NFT Marketplace Platform "Paras Digital" Gets Funding 71,8 Billion Rupiah

Platform marketplace NFT Digital Paras obtain early stage funding (seed) amounting to $5 million or around 71,8 billion Rupiah. This funding was obtained through an Initial Dex Offering (IDO) and investments by a number of investors.

As stated in his blog, some of the investors involved in this round include Black Dragon Capital, Dragonfly Capital, Moonwhale Capital, Digital Renaissance, GFS Ventures, Global Coin Research, OKEx Blocdream Ventures, and several other investors. venture capital and angel investors other.

According to Co-founder Rahmat Albariqi, this funding will be used to scale up its business, including vertically expanding NFT assets on the NEAR Protocol, such as comics, games, and toys.

"The popularity of NFT has continued to increase this year, and we see there are many opportunities that we haven't discovered yet. We believe [market] research and expansion into new verticals can maintain the value of NFT. By adding value to digital assets, we can create a big change for NFT in the world. future," said the man who is familiarly called Riqi.

Paras was founded in late December 2020 by Rahmat Albariqi and Afiq Shofy Ramadhan, and was fully developed by a team from Indonesia. Prior to obtaining funding, Riqi claimed to have worked on several projects with creators to create and release their IP on the NEAR Protocol.

It wants to open up opportunities for anyone who has the passion to develop their IP in the crypto world. Currently, Riqi and the team are pushing for development crypto-natives IP to be built on Paras.

"We want to try to be a pioneer of transformation in games, comics, toys, and works through ability Smart contract and technology blockchain. Therefore, we want to open a lot of access by offering content through various media," he said.

Several local platforms have also started initiating NFT-based platforms marketplace. Two of them Tokomall courtesy of Tokocrypto and Collectible.

Projects digital comics and target market

Contacted separately, Riqi revealed that his party is currently working on three projects digital comics by using NFT. The first Paras Comic project has just launched where the content is done by the creator in-house.

Meanwhile, the majority of Paras users come from the crypto-native and tech savvy. However, Riqi said his platform was starting to be used by the public early adopting who are not familiar with technology blockchain and cryptocurrency.

"We are targeting the market pop culture enthusiast, like fandom and gamer with a focus on China and Southeast Asia. Until now, our total sales volume has reached $550 thousand out of a total of 400 thousand transactions," he said. Considering that Paras is built on the NEAR Protocol, this buying and selling transaction can only use cryptocurrency NEAR.

Riqi assessed that crypto volatility remains a challenge in itself. Especially when the crypto market declines, transactions and sales will automatically follow. Even so, he admits that he is excited to be in the crypto world, considering that there is always something new in the ecosystem blockchain.

"This requires us to constantly learning and innovating. Even though most coreteam Paras is from Indonesia, we still have to Update about the innovations that are taking place in that part of the world. Not to mention talking about the time difference between Indonesia and several countries that have becomeblockchain epicenter' like Lisbon and the United States," he added.