Cryptomeda NFTs: The gateway to mass blockchain engagement you’ve been waiting for.

While DeFi might be the big trend of the moment for technically knowledgeable and engaged investors, the key to the mass market is connecting blockchain technology with something of tangible value and attractiveness while also solving a real-world problem.

And here’s a problem to consider: Traditional arts and the digital world have always had an uneasy relationship, due to the ease of duplication without attribution. Securing acknowledgement, never mind compensation, for any image, video, or musical creation has always been more or less impossible, once it’s released into the digital wild. Since the earliest days when people started torrenting MP3s of 1990s chart hits online, real digital ownership has been an unattainable myth.

The NFT solution:

Non-fungible tokens (NFTs) have changed all that, and are uniting creatives in every discipline — by creating verifiable and trackable tokens of ownership associated with physical and digital works of art, they protect buyers and sellers alike from counterfeit and exploitation. Anyone can view an NFT, but the legitimate digital ownership is encoded in tamper-evident form on the blockchain for eternity, creating genuine and unique digital ownership in a way never previously possible — including the ability to track and encode future changes of ownership, as a piece changes digital hands.

The market for NFT songs, paintings, collectibles, clips, and movies is exploding as a result, bringing together collectors and creatives in a new space, of non-geographically constrained authentic attribution and mutual collaboration. Sales on OpenSea, a major NFT marketplace, were $93.6 million in April, having hit almost $150 million in March 2021.

A year ago volumes were steady at around $1 million a month, but consumer sophistication and awareness is growing all the time, and many high-net-worth traditional arts collectors have recently been denied their usual outlets of theaters and galleries. The more people learn and understand about NFTs, the more investment will flow into the space.

This explains why the NFT world is generating such excitement, and attention from collectors and enthusiasts worldwide — especially after an NFT artwork fetched $69.3 million at London’s Christie’s in March, in the first-ever sale by a major auction house of a piece of art that does not exist in physical form.

Cryptomeda are designing fantasy artworks in rich creative detail, available as digital collectible cards, in vivid colors and unique artistic visions. They’re appealing to every art appreciator, fantasy geek, and collector of unusual and esoteric works.

But in addition to providing the NFTs themselves, Cryptomeda are creating a complete ecosystem, to make it easy for new adopters and experienced NFT appreciators alike to engage fully with this innovative marketplace, earning and trading a growing range of unique crypto-collectibles.

The Cryptomeda token and marketplace

Driven by a native ERC20 token — the TECH token — the platform lets collectors engage with the marketplace without taking on the technical complexities of traditional crypto trading on exchanges. At the same time, there’s the option for engaged and invested TECH holders to stake their tokens in investment pools, earning additional NFTs in forthcoming airdrops. The tokens will power a growing range of uses, including purchasing special items in mobile games, governance and decision-making, and voting on the project’s direction — thus increasing in their intrinsic value, as the platform itself evolves.

There’s a comprehensive marketplace in development too, recognizing that the value of NFTs is frequently in secondary transactions, and that these also have a role in generating community among collectors and enthusiasts.

Many people are wary about anything to do with trading or exchanging crypto-assets, so the Cryptomeda platform creates a safe and accessible space in which to develop knowledge and appreciation, of the rich and engaging NFT world. Leveling the playing field in this way enables the artistically sensitive crypto-newbie to get their NFT feet wet safely, while sharing their own experience and perspective with more technical users who are newer to the art appreciation world — creating a positive feedback loop of boosted network effects and strengthened community.

Signal Ventures recognizes the growing importance of NFTs as a portal to mass adoption of crypto-collectibles and other digital assets, and the growth of the whole sector.

Since our entry to the blockchain VC scene in 2017, we’ve succeeded through our strike rate in spotting not only the trends of future significance, but picking out and backing those who are best placed to deliver real results. Our decentralized Singapore-based team have demonstrated acquired excellence in distinguishing projects and founders who will truly disrupt and re-imagine the crypto space.

By being part of Cryptomeda’s $2.7m strategic funding round, we’re extending our portfolio to increase our exposure to the growing NFT trend in the crypto space, and power the future of blockchain adoption. Shaping the future of the crypto ecosystem as a whole depends on capturing public imagination with the right solutions at the perfect moment, and Signal Ventures is backing Cryptomeda to accomplish just this result.

Cryptomeda

Website: https://cryptomeda.tech/
Telegram: https://t.me/Cryptomeda
Discord: https://discord.com/invite/bFHWRzJp9S
Twitter: https://twitter.com/cryptomedatech
Medium: https://cryptomedatech.medium.com/

Signal Ventures
Website: https://signal.vc/
Twitter: https://twitter.com/AtSignalVc