Highlights from DigiU Main Webinar 2023
On December 14, 2023, a webinar was held with Alexey Ognev and Alexander I, where the founders summarized 4 years of DigiU's work. In this post, we'll share the main points.
In 2023, we began by transitioning to the second stage of the DigiU ecosystem development – expanding the Venture Capital Fund, aimed at expanding the technological portfolio, connections, markets, and commercially successful products. Four promising new projects emerged: BinaryX, SpiritMe, RWA-Marketplace, and RWA-Bank. And the plan for the following year is to increase this number to 10!
Alexander shared news about the venture fund projects, with the main highlight being EYWA's integration with Curve, transforming into CrossCurve!
He also outlined development plans of the WebWise Ventures venture fund:
- Fund registration in the 1st quarter of 2024;
- Partnerships with over 350 funds and accelerators;
- Launch of a platform for private rounds.
«The Venture Fund has drawn interest from major investors with minimum checks starting at $100,000, and over 70 people are ready to invest in the venture fund», commented Alexander I.
Next, Alexey Ognev:
- Presented the roadmap for RWA-Marketplace and RWA-Bank;
- Introduced the financial model of the projects;
- Announced plans to launch the first version of the RWA projects and test credit deals, crypto-mortgages, and the sale of tokenized objects on credit by April 2024.
«Initial sales help confirm a project's market demand, transitioning it from a startup stage to a business. It's another funding round with different perspectives and tasks», the CEO of DigiU explained, also announcing a draw for 10 certificates for the world's first crypto-mortgage. Details about the draw are in this post.
At the end of the webinar, Alexey announced key plans for 2024:
«We've come to a clear understanding that the DigiU ecosystem has matured, and it's time to move to different scales and reach greater heights. Crowdinvesting has fulfilled its task: formed a huge community and a powerful starting platform where we launched commercial projects and a fund. Shares have fulfilled their task, and now it's necessary to develop professionally», the CEO shared.
- We'll conclude share sales in 6 months – by June 30, 2024;
- From January 1, 2024, bonuses for share purchases will be either canceled or reduced;
- Share prices will increase every month until the sale concludes;
- Introducing a limit of $10,000 on share purchases per individual;
- No dividend payouts in 2024 – all profits will go towards ecosystem development.
«Let's see how the burning of shares progresses, in what percentages it happens. We aim for early investors' share to rise from 2% to 40%, while the team's share will decrease from 51% to 40%. Another 20% will be reserved for the IPO preparation. After the sale concludes, the total value of all installment contracts will be known, and we'll conduct the burning in the 4th quarter of 2024», Alexey shared.
Find out more about each thesis at the webinar!
Congratulations on a great year, and thanks to everyone for supporting the company's progress! DigiU sets ambitious goals for the next year, and we're confident we can achieve them.
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