Results of the Venture Capital Fund's Projects in 2023
As the year comes to an end, we want to share the outcomes of our venture fund's work and highlight the significant events in each project.
Key events of the year:
- Michael Egorov, the founder of Curve, invested in a private round of EYWA. This partnership is gearing up for numerous upcoming events!
- In November, the team forged a partnership with HyperGPT, combining the advantages of cross-chain technologies and Web3 AI.
- In July, the EYWA project launched in the commercial Mainnet.
- In December, EYWA DEX v 1.5 was launched on Avalanche Hubchain! Additionally, EYWA DEX is migrating from the Fantom network to Avalanche. This opens up more commercial prospects and optimizes liquidity losses on swaps.
Currently, EYWA is executing numerous marketing activities that motivate users to engage with the project, increasing the number of transactions and liquidity transfers within the system.
The next step is deep integration with Curve, transforming into CrossCurve!
Binaryx – the first project in which the DigiU Venture Capital Fund invested in 2023. It tokenizes any real estate worldwide, making it significantly more liquid. The team has been studying tokenization since 2019 and unveiled a unique mechanism in 2022, which continues to evolve.
Key events of the year:
- The project collaborates with Dukley.com, a company with over 12 years of expertise in elite real estate in Montenegro.
- In the summer, the team revamped the platform and implemented the token sale function on the Binaryx Marketplace.
- In September, Binaryx launched DAO, enabling investors to select projects for investment and play an active role in property management.
Recent developments:
- The sale of the third Bali property – Karra Loft 5, with the next one, Kammara Loft, now listed.
- Passive income stands at 16.3% per annum and is distributed daily.
SpiritMe – a project utilizing artificial intelligence technology to create digital avatars within 5 minutes.
Throughout the year:
- The team launched an update on the online platform Product Hunt, attracting 65 thousand new users in 10 months.
- SpiritMe entered the US market via AppSumo, a market leader in software product promotion.
- Significant enhancements in sound and video quality, emotive transmission capability for specific phrases, and translation into 21 languages.
- Initiation of a YouTube channel for news updates.
Presently, the team continues to improve the application and avatar functionality, focusing on creating inbound marketing videos. The remarkable advancements in sound and video quality of their avatars are noticeable!
RWA-Marketplace and RWA-Bank – new projects of the DigiU Venture Fund
- The first stage of project financing has concluded.
- In December, we presented the roadmap and financial model.
- In January, the conversion of ownership percentages from RWA projects into shares will take place.
2024 promises even more significant changes for the DigiU Venture Fund!
«Currently, the DigiU Venture Fund's test portfolio includes around ten projects with small sums, in which we co-invested with other funds or business angels. We've used this as an opportunity to network, and now, our network includes hundreds of international funds!
Just imagine: in the last 2 years, we've engaged in around 1500 discussions with various venture funds. We are part of an international community of business angels, exchanging insider data with market leaders, and the largest conferences have invited us as speakers.
We see immense interest in the DigiU Venture Fund from both the market and individual major investors. 70 individuals are already prepared to join us: we will be able to accept large investments from members of royal families in Arab countries, high-ranking individuals from India, and billionaires from the CIS – they're expressing a desire to do so.
Moreover, next year will see the registration of a separate structure for the venture fund, the launch of a launchpad for conducting allocations in closed rounds, and the attraction of dozens of new projects into our fund. And this is only a fraction of what we can share with you», – said Alexander I.
Stay tuned for updates to stay informed about the most significant events in the ecosystem!
To share the news, please enter your Personal Account!
Log in to your account