Capsule Corp Labs Raises € 7.3 Million in Initial Funding to Create a Leader in Utilities NFT Consulting and Implementation

Capsule Corp Labs, platform for the creation and development of NFT utilities, announces the completion of a seed round for an amount of € 7.3 million, of which € 4.8 million of equity with Omnes, two specialized funds, REVAM and Digital Finance Group (DFG) and the French business angels of the web3 ecosystem. The transaction is completed by the sale of tokens from Ternoa ($ CAPS), parent company of Capsule Corp Labs, for 2.4 million euros. This amount is being provided to Capsule Corp Labs as part of its development plan.

This round of financing, which brings together experienced deeptech and web3 investors, comes after the sale of 8 million euros in tokens in 2021 by Ternoa, the parent company of Capsule Corp Labs, which is developing a blockchain specializing in NFT utilities. The transaction will allow Capsule Corp Labs to scale up by strengthening its research and development and expanding its teams, which currently number around thirty people, half of whom are developers.

Switching from collection NFT to utility NFT

Capsule Corp Labs brings a paradigm shift in the way NFTs are used. Despite their recent success and some spectacular examples, NFTs have so far been primarily collectible items, especially in the realm of luxury and art.

Capsule Corp Labs implements NFT solutions on behalf of companies across all industries, enabling them to integrate the web3 value proposition: ownership of data and digital assets, or federation and engagement of user communities.

A blockchain dedicated to NFTs

Capsule Corp Labs began operations in 2022. It is the main integrator of Ternoa, a so-called “layer 1” blockchain infrastructure. Open-source and decentralized, it provides developers with an independent infrastructure that allows them to create useful NFTs.

Start-up studio and web consultancy3

Start-up studio and web3 consultancy company, Capsule Corp Labs has the mission to help companies of all sizes develop their business model on the Ternoa blockchain.

“Unlike the current NFT market, which works very similar to the art market, based on a scarcity value, we believe that NFTs will increasingly have utility value. They will be used initially in the development of sectors such as video games, music and entertainment, or the metaverse, then gradually spread to other sectors of activity. Our role is to enable this transition from web2 to web3 which can be technologically complex, ”explains Clément Téqui, CEO of Capsule Corp Labs and co-founder of Ternoa.

To web3 start-ups, Capsule Corp Labs offers a “business as a service” model by providing them with human and technological resources – developers, product managers, etc. to support them in the development of NFT. Within 6 months, Capsule Corp. Labs has already supported 3 NFT start-ups in launching their product, enabling them to achieve several hundred thousand euros in sales each.

First use cases of utility NFTs

The second strategic axis is the advice to companies in the implementation of their web solutions3. “Our role is to identify with our customers the use cases for tomorrow’s NFTs and take charge of their development,” says Clément Téqui. Capsule Corp Labs participated in the first half of 2022 in the launch of 20 Mint, the free media dedicated to the 20 Minutes blockchain, which stood out for the successful sale of 999 NFT typewriters that funded the operation, bringing together a community of enthusiasts.

Capsule Corp Labs also supports Editis, one of the French publishing leaders, in identifying NFT use cases that are really useful for its sector: collaborative editorial work tool, new book format or even community of readers animation. This work therefore allowed the launch of the Editis web3 transformation project.

For the not.IT technological endowment fund affiliated with the Notary of France, Capsule Corp. Labs has designed and developed a solution for the transmission of digital assets, in particular allowing the storage of private contents in NFT and the definition of protocols of complex transfer. The first model has been delivered and the project is being validated on a national scale.

Commissioned by gift-wrapping specialist Wonderbox, Capsule Corp. Labs has embarked on a project to transform its relationship with customers using NFT. The collaboration also made it possible to identify solutions for securing the resale of virtual boxes.

Capsule Corp. Labs also leveraged Ternoa NFT-specific features, such as secret content, to enhance the online sports game experience of a major video game group.

“Our open source infrastructure has been operational since April and open to all developers and entrepreneurs to build the NFT applications of tomorrow. This fundraising by Capsule Corp Labs will allow to accelerate the development of the ecosystem of Ternoa in France and in Europe ”, explains Mickael Canu, managing director of Ternoa.

“Ternoa is one of the very few French Tier 1 blockchains with a true underlying technology asset. With this investment, the Ternoa team will be able to offer Web3 start-ups ever richer functionalities and become the European blockchain platform of reference ”, said Fabien Collangettes, Investment Director of Omnes.

“The Business as a Service concept was first generated by Web2. Capsule Corp Labs innovates from this model and improves it into a Web3 style that makes it easier for companies of all sizes to develop and launch their NFT products. DFG has had strong confidence in Ternoa from day one; its open source Tier 1 infrastructure is unique and fuels a bold ecosystem for building utility NFTs. I am convinced that under the leadership of Mickael Canu and Clément Téqui, Ternoa and its community will take the lead in their industry in no time, “said James Wo, founder and CEO of DFG.

“We are delighted to have been able to finalize this fundraiser with Omnes, which is a recognized player in funding Deep Tech projects that require significant investment in research and development. In a difficult market environment, we will be able to continue investing in the development of the Web3 infrastructures of tomorrow with our unique value proposition: bridging the Web2 and Web3 architecture “, adds Clément Téqui, CEO of Capsule Corp Labs. And co – founder of Ternoa.

About Ternoa
Ternoa is an open source infrastructure blockchain, dedicated to the creation of NFT utilities
Among these, Ternoa allows you to create “secret” NFTs that allow you to securely store and transmit data over the long term. Or NFTs which can be loaned, rented to third parties or even divided to allow shared ownership.

About Omnines
Omnes is a major player in private equity and infrastructure investments. With over € 5 billion in assets under management, Omnes provides companies with the capital they need their development has? through its three core businesses: Venture Capital, Development & Transmission Capital and Infrastructure. Omnes is being held at? 100% by its employees. Omnes is committed to ESG issues. The society? created? the Omnes Foundation for children and young people. He is a signatory of the United Nations Principles for Responsible Investment (PRI).

About DFG.
An investment company at the service of the blockchain and Web 3.0
Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and manages over $ 1 billion in assets.
DFG is a global investment firm with over $ 1 billion in assets under management, focused on empowering blockchain and Web3 businesses. Since 2015, DFG has been committed to the long-term potential of blockchain technology and manages investments in the crypto ecosystem. DFG mainly manages three strategically dedicated funds: Venture Equity Fund, which follows traditional methods of investing in valuable CeFi service providers; Polkadot Ecosystem Fund, which enhances its Web3.0 innovation; Crypto Fund, which invests in promising early stage solutions.

REVAM is a leading alternative fund manager that focuses on cryptocurrencies, tokens and blockchain projects globally.

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