Unveiled: Providing Transparency in NFT Investments
The digital asset/NFT market has experienced a cooling period recently due to rising inflation rates and restrictions on interest rate hikes. However, companies that can weather this temporary situation will benefit greatly in the next cycle. Unveiled is a company that aims to provide transparency in NFT investments, resolving the degree of information asymmetry between the project entity that issued the NFT and the investor.
NFTs have evolved into utility assets that provide access to exclusive content and benefits. Many domestic and international game companies are using metaverses and NFTs to transfer ownership of in-game assets to users and create a structure to share revenue with users based on their contributions. However, the degree of information asymmetry between the project entity and the investor is stronger in NFT investments than in other investment markets, making it challenging for investors to make informed decisions.
Unveiled processes transaction data on-chain, project information, and data on the degree of community activation, providing investors with fair price calculations according to the advancement of the scoring model. This model helps investors make informed decisions, reducing the risk of investing in NFTs.
Unveiled's business model includes selling communication tools to NFT projects for a regular fee of $10,000 per year to provide information for investors and support communication in the IR process. The company also sells project information to NFT funds and NFT marketplaces after the number of registered NFT projects increases and the scoring model is advanced. After the price calculation model is advanced, the model will be sold to loan products using virtual assets.
Unveiled's team consists of Mr. Oh, who was in charge of business development at Streamy, a virtual asset exchange, and Mr. Kim, CTO, who was in charge of backend development. The team's expertise in the domain positions Unveiled as a leader in providing transparency in NFT investments.
Unveiled's competitors include companies that have created NFT asset valuation models, but the difference lies in Unveiled's use of macro virtual asset market and transaction records of individual NFT assets to make informed decisions. This approach provides a more holistic view of the NFT market, which is essential for informed investing.
Unveiled, is a company that provides transparency in NFT investments, making it easier for investors to make informed decisions. The company's use of a macro virtual asset market and transaction records of individual NFT assets, in addition to project information and data on the degree of community activation, sets it apart from its competitors. Unveiled's team's expertise in the domain and projected revenue and expenses, with a timeline for profitability, position it as a leader in the NFT market.
p.s. Unveiled has been designated as a recipient of the TIPS grant, effective September 2022, following a recommendation from BluePoint Partners
*Technology Incubator Program for Startups (TIPS) is an initiative established by the government of South Korea to provide grant support for technology startups.

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